VAT rates under preferential import duty list

Official Letter 1142 TCT/PCCS dated April 19, 2005 by the General Department of Taxation promulgates that value added tax (VAT) rates under the preferential import duty list are applicable for all imported goods from the time when goods are imported to the time when goods are sold domestically. Additionally, the aforementioned VAT rates are also a basis to identify VAT rates of domestically produced goods.

 

Category: Legal