China and Malaysia to mutually implement RCEP agreement tax rates
2022-02-25 18:08:15 [Print]
The Office of Customs Tariff Commission of the State Council recently stated that the Regional Comprehensive Economic Partnership (RCEP) would come into effect for Malaysia on March 18, 2022
. In order to strictly fulfill the commitments of the agreement and actively promote the full implementation of RCEP, the Customs Tariff Commission of the State Council announced that from March 18, 2022, the first-year tax rate applicable to RCEP ASEAN member states will be applied to some imported goods originating in Malaysia . According to the agreement, subsequent annual tax rates will be implemented from January 1 of that year.