Taxation Provisions on Imports of Consigned Goods & the Simplification of Customs Registration

Taxation Provisions on Imports of Consigned Goods & the Simplification of Customs Registration

Newsletter - Taxation Provisions on Imports of Consigned Goods & the Simplification of Customs Registration

DDTC Newsletter Vol.03 | No.02

25 January 2020

Total Downloads 834

This edition reviews some provisions related to the exemption of import duties for taxable goods, including for oil-gas and geothermal sectors and for scientific research and development. Under the new regulation, the government has also lowered the maximum threshold of the customs value of imported consigned goods for personal use that are exempt from import duties, from USD75 to USD3. Moreover, there is a new regulation concerning the customs clearance of completely built up (CBU) motor vehicles imports. In addition, new regulations concerning the taxation aspects for transit and transhipment means of transport and the simplification of customs registration provisions have been issued


Contents

  • Import Duty Exemptions for the Imports of Luxury Goods
  • Tax, Customs, and Excise Provisions on Imports of Consigned Goods
  • Customs Duty Facilities for Imports of Goods for the Purpose of Scientific Research and Development
  • Custom Clearance for CBU Motor Vehicle Imports
  • Taxation Aspect for Transit and Transhipment
  • Import Duty Exemption on Imports for Upstream Oil and Gas Business Activities
  • Import Duty Exemptions on Imports for Geothermal Business Activities
  • Customs Registration Simplification

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Newsletter - Taxation Provisions on Imports of Consigned Goods & the Simplification of Customs Registration

DDTC Newsletter Vol.03 | No.02

25 January 2020

Total Downloads 834

This edition reviews some provisions related to the exemption of import duties for taxable goods, including for oil-gas and geothermal sectors and for scientific research and development. Under the new regulation, the government has also lowered the maximum threshold of the customs value of imported consigned goods for personal use that are exempt from import duties, from USD75 to USD3. Moreover, there is a new regulation concerning the customs clearance of completely built up (CBU) motor vehicles imports. In addition, new regulations concerning the taxation aspects for transit and transhipment means of transport and the simplification of customs registration provisions have been issued


Contents

  • Import Duty Exemptions for the Imports of Luxury Goods
  • Tax, Customs, and Excise Provisions on Imports of Consigned Goods
  • Customs Duty Facilities for Imports of Goods for the Purpose of Scientific Research and Development
  • Custom Clearance for CBU Motor Vehicle Imports
  • Taxation Aspect for Transit and Transhipment
  • Import Duty Exemption on Imports for Upstream Oil and Gas Business Activities
  • Import Duty Exemptions on Imports for Geothermal Business Activities
  • Customs Registration Simplification

Inquiry Form

[]
1 Step 1
Nameyour full name
Questionmore details
0 / 300
Previous
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