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VAT on sports equipment

28-Sep-2005 Intellasia | 26/Sep/2006 General Department of Taxation | 11:07 AM

The General Department of Taxation issued an official letter on September 19 stating that all kinds of equipment and instruments used for physical exercises in general, athletics and other sports belonging to the commodity group of 9506 are subject to a value added tax rate of 10%.
[Official Letter 3245/TCT-DNNN dated September 19, 2005]


Category: Legal

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