We are delighted to offer this Tax update-Customs and Global Trade which provides latest information on:

• Decree 18/2021/ND-CP (Decree 18) amending Decree No. 134/2016/ND-CP (Decree 134) dated 1 September 2016 of the Government, detailing a number of articles and implementation of the Law on Import Tax and Export Tax
• Circular 17/2021/TT-BTC (Circular 17) amending Circular No. 14/2015/TT-BTC (Circular 14) dated 30 January 2015 providing guidance on the classification of goods, analysis for classifying goods, quality inspection, food safety inspection of exported and imported goods
• Draft Decree on the special preferential export and import tariffs to implement the Free Trade Agreement between Vietnam and the United Kingdom and Northern Ireland (UKVFTA) in the period from 2021 to 2022
•  Draft Circular providing guidance on the rules of origin under the UKVFTA
• Announcement on exceeding the export turnover thresholds for Vietnam’s textiles exported to the Eurasian Economic Union (EAEU) under the free trade agreement between Vietnam and the EAEU (EAV FTA)
• A number of Official Letters of the General Department of Customs (GDC) and city/provincial Customs Departments, on:
  • The plan on management, supervision and examination of the origin and labels of goods in 2021
  •  Guidance on the implementation of Circular 06/2021/TT-BTC (Circular 06)
  • Tax and duty treatment on goods imported for manufacturing for export but which are outsourced to other enterprises for processing
  • Request for uploading the proof of origin (C/O) onto the e-customs system

Your enquiries, comments or suggestions concerning our Tax update  are welcome. Any enquiries regarding the content of this issue may be directed to your regular EY contacts or the contacts mentioned in this Tax update.