Streamlining Import Duties Exemption Process for Entrepreneurs: Important Updates and Practical Advice

Entrepreneurs no longer need to submit a “no objection or clearance certificate” for import duties exemption
The change aims to improve efficiency and speed of services
Exemptions apply to business assets, raw materials, auxiliary materials, and packaging materials
Entrepreneurs can now submit exemption requests without the “clearance certificate”
Tax obligations still apply and the Tax Authority will review the entrepreneur’s tax status
Consider options for importing goods with an exemption from import duties

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.