Question:
Purchases of Finished Goods/Semi Finished from Malaysia, what is the import duty or VAT etc ? We are under ATIGA right, so rightfully it shall be duty free and VAT at nil?
Answer:
Vietnam and Malaysia are members of the ASEAN Trade in Goods Agreement (ATIGA).
Under ATIGA, goods traded between ASEAN member states are subject to 0% import duty for HS 7318, 7415, 761610, 7907, 8483, 8532, 8533. 8534, 981813, 983412 (HS codes registered by Penn Vietnam Company in the Investment Registration Certificate)
Regarding VAT on imports, finished goods/semi finished goods are subject to VAT. The VAT rate imposed on these goods will be 10% . However, currently VAT will be 8% until June 30, 2025 (as shown above).
To benefit from the 0% import duty rate, you must provide a Certificate of Origin (C/O) Form D, which verifies that the goods originate from Malaysia.
