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BOI issues rules on customs duty, VAT exemption on equipment imports

Customs duty and VAT exemption apply to RBEs that are export enterprises (17 years from date of registration) while VAT exemption applies to domestic market enterprises (12 years from date of registration). The VAT exemption, meanwhile, only applies to goods directly and exclusively used in the registered project or activity of a registered export enterprise during the period of registration of the registered project or activity.

Source: portcalls.com

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