The Government of Vietnam has just issued Decree 144/2024/ND-CP, amending Decree 26/2023/ND-CP, regarding new export and preferential import tax rates for certain goods.
The revised tax rates for specific product groups are detailed in the two annexes attached to this Decree, as follows:
Appendix I – export and preferential import tariffs by taxable item categories:
Summary:
| HS Code | Description | Tax Rate |
| 31.02 | Mineral fertilizers or chemical fertilizers, containing nitrogen | 5% |
| 79.01 | Unprocessed zinc | 10% |
| 80.01 | Unprocessed Tin | 10% |
See details here.
Appendix II – Preferential import tariff for taxable items
Section I – Preferential import tariff for general goods
| HS Code | Description | Tax Rate |
| 23.04 | Soybean oil cake and other solid residues from the extraction of soybean oil. | 0% – 2% |
| 24.04 | Products containing tobacco leaves, nicotine, or substitutes for non-burning use; other nicotine-containing products for delivering nicotine into the human body | 50% |
| 85.43 | Electrical machinery and equipment with specific functions, not specifically provided for or included elsewhere in this Chapter. | 0% |
| 8543.40.00 | Electronic devices for e-cigarettes | 50% |
| 87.01 | Tractors (excluding those under HS code 87.09) | 0% – 5% |
| 8701.10 | Single-axle tractors | 10% – 30% |
Section II – Regulations on HS Codes and Preferential Import Tariff Rates for Auto Parts and Components Imported Under the Tax Incentive Program for Automobile Manufacturing and Assembly (Group 98.45) – Tariff rates: 15% – 25%.
See details here.
Note:
Preferential import tariffs for goods under HS Group 24.04 (Products containing tobacco leaves, reconstituted tobacco, etc.) and HS Code 8543.40.00 (Electronic devices for e-cigarettes and similar personal vaporization devices) apply only if these goods are permitted for import into Vietnam.
Effective date: From December 16, 2024.
(According to Decree 144/2024/ND-CP dated November 1, 2024)
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