To implement Vietnam's import and export tax commitments under the CPTPP Agreement, the Government issued Decree No. 57/2019/ND-CP dated June 26, 2019. This Decree applies to 6 member countries that have ratified the Agreement until June 26, 2019, including Australia, Canada, Japan, Mexico, New Zealand, and Singapore.

On September 19, 2021, the CPTPP Agreement officially entered into force for the Republic of Peru. Therefore, the Government issued Decree 21/2022/ND-CP amending Decree No. 57/2019/ND-CP dated June 26, 2019 promulgating the Preferential Export Tariff and the Special Preferential Import Tariff. special provisions of Vietnam to implement the CPTPP Agreement for the period of 2019-2022 to supplement regulations applicable to Peru.

Specifically, Decree 21/2022/ND-CP supplements regulations on preferential export tax rates and special preferential import tax rates to apply to goods exported from Vietnam to the Republic of Vietnam. Peru or imported into Vietnam from the Republic of Peru.

Supplement regulations on conditions for application of preferential export tax rates and special preferential import tax rates to apply to goods exported from Vietnam to the Republic of Peru or imported into Vietnam from Republic of Peru.

This Decree takes effect from March 10, 2022.

For customs declarations of goods exported from Vietnam to the Republic of Peru or imported into Vietnam from the Republic of Peru registered from September 19, 2021 to before the effective date of this Decree , if all conditions are satisfied to enjoy preferential export tax, special preferential import tax specified in Decree No. 57/2019/ND-CP dated June 26, 2019 of the Government, this Decree and have paid tax at a higher tax rate, the customs authority will handle the overpaid tax according to the provisions of the law on tax administration.

Source: An Binh - https://moit.gov.vn/