Archive for April 8th, 2005
SCT on cigarettes
The Ministry of Finance issued Official Document 3906/TC/TCT dated April 5, 2005 instructing the application of special consumption tax (SCT) on filter tip cigarettes. If a [...]
» More
Payments of import duties on imported motorbike components
The General Department of Customs (GDC) issued Official Letter 1160/TCHQ-KTTT instructing the payment of 2001 import duties applied to imported motorbike components, [...]
» More
Duty refunds for overpayment of export-import duties
Under Official Letter 3480 TC/CST dated March 28, 2005 of the Ministry of Finance, if businesses, or customs agencies miscalculate export, or import duties, resulting in the [...]
» More
Temporarily imported goods exempt from import duty
Under Official Letter 1182/TCHQ-KTTT dated March 30, 2005 of the General Department of Customs, machinery, equipment, means of transportation that are imported by foreign [...]
» More
Import duty exemption on imported machinery
Businesses that import machinery and equipment to create fixed assets before being issued investment incentive certificates are still exempt from import duty if the time when [...]
» More
Registration fees for transfer of asset ownership
According to Official Letter 917 TCT/TS dated March 29, 2005 by the General Department of Taxation, organisations, individuals are required to pay registeration fee once for [...]
» More
Land use fee paid after January 1, 2005 to be applied new land prices
In case businesses are allocated land before January 1, 2005 however the businesses submit documents and pay land related fees after January 1, 2005, such businesses must pay [...]
» More
Regulations of VAT refund application forms
Under Official Letter 1211 TCTHQ/KTTT dated April 1, 2005 of the General Department of Taxation, when submitting application to tax agencies to ask for value added tax [...]
» More
Regulations on paying VAT rates for goods already sold
Under Official Letter 909 TCT/DNK dated March 29, 2005 of the General Department of Taxation, businesses specialised in trading many types of goods and services subject to [...]
» More
CIT exemption for science and technology contracts
Official Letter 905 issued on March 29 by the General Department of Taxation states that all contracts on science and technology, including science and technology development [...]
» More
No VAT against temporarily imported goods
Under Official Letter 1207/TCHQ-KTTT dated March 31, 2005 of the General Department of Customs, because temporarily imported and later re-exported goods are not subject to [...]
» More
Limitations of tax department sanctions
The General Department of Taxation issued Official Letter 936 on March 30 stating that tax officials only have the authorisation to offer administrative penalties against [...]
» More
CIT exemptions for compulsory relocation from inner city areas
Under Official Letter 935 TCT/PCCS dated March 30, 2005 of the General Department of Taxation, if businesses have to remove to outskirts of cities in accordance with the [...]
» More
Penalties against under pricing
Under Official Letter 978 TCT/DNK dated April 1, 2005 of the General Department of Taxation, if businesses specialised in trading automobiles, or motorbikes write lower sale [...]
» More
No VAT deduction for destroyed goods
Businesses are only allowed to deduct and receive input VAT refunds for goods and services that are used for business production of goods and services subject to VAT. Under [...]
» More
