Tax Liability
Importing goods is subject to 18% VAT on the CIF value (price + insurance + transport) plus customs and purchase tax.
Deduction
VAT on imports can be deducted as input VAT by a licensed dealer who will import the goods for the purpose of his business.
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.