Vietnam`s government plans to exempt Cathay Pacific Airways, FedEx, and Japan Airlines from import tax, following a proposal from the country`s Ministry of Finance (MoF).
Vietnam’s Deputy Prime Minister Vuong Dinh Hue approved the proposal of the Ministry to exempt three foreign airlines from import tax.
The import and use of duty-free goods of the three airlines will be supervised and monitored by Vietnamese customs to ensure compliance.
These include Cathay Pacific Airways Limited, Federal Express Corporation and Japan Airlines.
Hong Kong and Vietnam already have an Agreement on Air Transport from 1999, that covers the import and use of duty-free goods, and Cathay Pacific Airways would be subject to its laws. Meanwhile, the Federal Express Corporation is subjected to the similar agreement signed between Vietnam and the US on April 14, 2004.
For Japan Airlines, goods must be used for the right purposes as stated in Article 5 of the Air Services Agreement between Vietnam and Japan, signed on May 23, 1994.
The import and use of duty-free goods of the three airlines will be supervised and monitored by Vietnamese customs to ensure compliance.
Illustrative photo
|
These include Cathay Pacific Airways Limited, Federal Express Corporation and Japan Airlines.
Hong Kong and Vietnam already have an Agreement on Air Transport from 1999, that covers the import and use of duty-free goods, and Cathay Pacific Airways would be subject to its laws. Meanwhile, the Federal Express Corporation is subjected to the similar agreement signed between Vietnam and the US on April 14, 2004.
For Japan Airlines, goods must be used for the right purposes as stated in Article 5 of the Air Services Agreement between Vietnam and Japan, signed on May 23, 1994.
Other News
- Hanoi to attract US$768 million in industrial parks in 2024
- Regulatory efforts underway to strengthen e-commerce in Vietnam
- Hanoi honors key industrial products in 2024
- EVs take the spotlight on Vietnam's urban streets
- Hanoi names 83 institutions Green Energy User 2024
- Bat Trang artisans innovate to meet global market demands
- Vietnam youth gears up for a greener future
- Hanoi to create over 213,000 jobs in Jan-Nov
- Update on worker conditions in South Korea from Vietnamese labor authorities
- Vietnam partners with NVIDIA to establish AI research center
Trending
-
St Joseph's Cathedral in Hanoi shines brightly on Christmas Eve
-
Vietnam news in brief - December 24
-
From Nguyen Xuan Son’s spectacular debut for national football team: Vietnam – a land full of promises for talents
-
Hoa Lac Hi-tech Park to soon launch AI sandbox model
-
Hanoi's beauty through watercolors
-
Vietnam Defense Expo 2024 secures $286.3 million in deals
-
Memories and Faith" features war memorabilia
-
Smart solutions - Key for Hanoi tourism in 2025
-
HABECO – The spirit of Vietnam rising