Customs and Global Trade Updates | July & August 2023

31 Jul 2023
Subject Tax and Legal updates
Categories Tax alert
Jurisdictions Vietnam

This update highlights the following matters:

  • Vietnam – Israel Free Trade Agreement (VIFTA)
  • Publishment of Supplementary Explanatory Notes (SEN) 2022
  • New Value-Added Tax (VAT) reduction policy applicable for the last 6 months of 2023
  • The European Union (EU) imposing a definitive safeguard measure on the import of certain steel products
  • Regulations on the Certificate of Origin (C/O) Form AK under ASEAN – Korean Free Trade Agreement (AKFTA) and Form VK under Vietnam – Korean Free Trade Agreement (VKFTA)
  • Replacing some customs administrative procedures under the management of the Ministry of Finance (MoF)
  • Align the implementation of Decree 26 and Decision 15 on Tariff Nomenclature
  • Various Official Letters (OL) issued by the General Department of Customs (GDC)

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