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blue-check Regarding wrong declaration of tax rate in relation to the RCEP Agreement

Official letter No. 3103/TCHQ-GSQL dated July 28th, 2022 of the General Department of Vietnam Customs regarding certificate of origin under the Regional Comprehensive Economic Partnership Agreement (RCEP agreement)
Posted: 29/7/2022 9:26:04 AM | Latest updated: 3/8/2022 11:41:12 AM (GMT+7) | LuatVietnam: 5508 | Vietlaw: 582
VietlawOnline

According to opinions of the General Department of Vietnam Customs, now RCEP Tariff for the period of 2022-2027 is considered by the Ministry of Finance, not yet promulgated.

In case an enterprise makes wrong import tariff because it has yet to have the RCEP Tariff resulting in increase in payable tax, it shall not be sanctioned according to the regulations at the Law on Handling of Administrative Violations and Decree No. 128/2020/N-CP .

With regard to the receipt, inspection of validity of C/O form RCEP, the implementation shall comply with Circular No. 05/2022/TT-BCTstatus2 .

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 582

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