Reducing import tax rates on some goods from March 31, 2025 - Lang Son Newspaper and Radio and Television Station

Reduce preferential import tax rates for automobiles with HS codes 8703.23.63 and 8703.23.57 from 64% to 50% and automobiles with HS code 8703.24.51 from 45% to 32% - Illustrative photo

The Government has just issued Decree 73/2025/ND-CP dated March 31, 2025 amending and supplementing preferential import tax rates of a number of items in the Preferential Import Tariff according to the List of taxable items issued together with this Decree. Decree No. 26/2023/ND-CP May 31, 2023 on Export Tariff Schedule, Preferential Import Tariff Schedule, List of goods and absolute tax rates, mixed tax, import tax outside tariff quota.

Specifically, amend and supplement the preferential import tax rates of a number of items specified in Appendix II - Preferential import tax schedule according to the List of taxable items specified in Article 3 of Decree No. 26/2023/ND-CP into new preferential import tax rates.

Accordingly, the preferential import tax rate for automobiles with HS codes 8703.23.63 and 8703.23.57 will be reduced from 64% to 50% and automobiles with HS code 8703.24.51 will be reduced from 45% to 32%.

For Ethanol products, the preferential import tax rate is also reduced from 10% to 5%.

Import tax rate on frozen chicken thighs is reduced from 20% to 15%; on unshelled pistachios is reduced from 15% to 5%; on almonds is reduced from 10% to 5%; on fresh apples is reduced from 8% to 5%; on sweet cherries is reduced from 10% to 5%; on raisins is reduced from 12% to 5%.

For wood and wood products, including: (1) Group 44.21: Wooden products (including products such as clothes hangers, coffins, thread spools, yarn tubes and bobbins, sewing thread reels and similar products, wooden matchsticks, etc.); (2) Groups 94.01 and 94.03: Seats and parts of seats; wooden furniture: import tax is reduced from the tax rates of 20% and 25% to the same tax rate of 0%.

Preferential import tax rate for liquefied natural gas (LNG) reduced from 5% to 2%.

Ethylene products: add HS code 2711.19.00 to chapter 98 with preferential import tax rate of 0%.

Preferential import tax rate for corn kernels is reduced from 2% to 0%; for soybean meal, it is reduced from 1%, 2% to 0%.

This Decree takes effect from the date of signing and promulgation (March 31, 2025).

Source: https://baolangson.vn/giam-thue-suat-thue-nhap-khau-mot-so-mat-hang-tu-31-3-2025-5042765.html