Zero import tax levied on Lao goods

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VietStock FI English - 74 month(s) ago 15 readings

The Ministry of Industry and Trade has issued a circular on 2012 import quotas, saying that goods imported from Laos will be taxed at zero percent.

Under the circular, the import rate of zero percent will be applied to commodities of Lao origin, including rice of various kinds and tobacco leaves.

In addition, imported goods should have a certificate of origin (C/O), issued by an authorized office of the Laos People’s Democratic Republic and customs procedures cleared at border gates.

At the same time, Vietnamese entrepreneurs are allowed to import rice and paddy products under import quotas. For importers of tobaccos leaves, they must have a license granted with quotas by the MoIT.

The circular will take effect as of January 1, 2012.

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