IMPORT DUTY ON COSMETICS FROM KOREA TO VIETNAM
Vietnam and Korea have most–favored–nation (MFN) treatment and join Vietnam – Korea Free Trade Agreement (VKFTA) and ASEAN – Korea Free Trade Agreement (AKFTA). Therefore, for cosmetics imported from Korea, the import tax is determined as follows:
+ If cosmetics meet the conditions under the Vietnam-Korea Free Trade Agreement (VKFTA) or the ASEAN-Korea Free Trade Agreement (AKFTA), they are entitled to special preferential import tariff according to Schedule of tariffs for which cosmetics meet those conditions.
+ If cosmetics are not eligible under the agreement, they are entitled preferential import tax.
Below is a table of cosmetic import tariffs from Korea including preferential import tariffs and special preferential import duties under the Vietnam-Korea Free Trade Agreement (VKFTA) and the ASEAN Free Trade Agreement. – Korea (AKFTA) includes:
- Import duty on cosmetics from Korea 2020
- Import duty on cosmetics from Korea 2021
- Import duty on cosmetics from Korea 2022
| HS Code | Description | Preferential import tax (%) (*) |
Form AK (AKFTA) (**) | Form VK (VKFTA) (***) | |||||
| 2020 | 2021 | 2022 | Countries do not enjoy preferential | 2020 | 2021 | 2022 | |||
| 33.04 | Beauty or make-up preparations and preparations for the care of the skin (other than medicaments), including sunscreen or sun tan preparations; manicure or pedicure preparations. | ||||||||
| 3304.10.00 | – Lip make-up preparations | 20 | 20 | 5 | 5 | 20 | 5 | 5 | |
| 3304.20.00 | – Eye make-up preparations | 22 | 20 | 5 | 5 | 20 | 5 | 5 | |
| 3304.30.00 | – Manicure and pedicure preparations | 22 | 20 | 5 | 5 | 8,8 | 6,6 | 4,4 | |
| – Other: | |||||||||
| 3304.91.00 | – – Powders, whether or not compressed | 22 | 20 | 5 | 5 | 10 | 7,5 | 5 | |
| 3304.99 | – – Other: | ||||||||
| 3304.99.20 | – – – Anti-acne preparations | 10 | 20 | 5 | 5 | 4 | 3 | 2 | |
| 3304.99.30 | – – – Other face or skin creams and lotions | 20 | 20 | 5 | 5 | 8 | 6 | 4 | |
| 3304.99.90 | – – – Other | 20 | 20 | 5 | 5 | 8 | 6 | 4 | |
| 3401.30.00 | – Organic surface-active products and preparations for washing the skin, in the form of liquid or cream and put up for retail sale, whether or not containing soap | 27 | 20 | 5 | 5 | 20 | 5 | 5 | |
(*) The current preferential import tariff is stipulated in the Government’s Decree No. 125/2017 / ND-CP dated November 16, 2017.
(**) The current special preferential import tariff under Vietnam-Korea Free Trade Agreement (VKFTA) is stipulated in in Decree 149/2017 / ND-CP dated December 26, 2017.
(***) The current special preferential import tariff under ASEAN – Korea Free Trade Agreement (AKFTA) is stipulated in in Decree 157/2017/NĐ-CP dated December 26, 2017.
For more details about cometics import procedure, please read more in the following article: Import Procedure of Cosmetics to Vietnam
For more detailed advice on import procedures, shipping methods and estimate for the full shipping cost, please contact us – Logistics Service Provider for importing Comestics from Korea to Vietnam
Hp Global Company Limited
Freight forwarder and Customs Brokerage
Room 2308, CT2 Van Khe, La Khe, Ha Dong, Hanoi
Website: hpgloballtd.com/hptoancau.com
Email: info@hpgloballtd.com
Hotline: ++84 98 487 0199
Note:
– The article is for reference only, prior to using the content, it is suggested that you should contact HP Global for whether any update.
– HP Global keep it full right copyright of the article. No copy for commercial purpose is approved.
– Any copy without approval by HP Global (even note quote from website hpgloballtd.com/hptoancau.com) can cause to our claim to google and related agencies.
