Newsletter
SALES OF IMPORTED GOODS FOR WHICH THE CUSTOMS DUTY WAS LEVIED ON RENTAL OR ROYALTY
According to a recent ruling by the Ministry of Finance (MOF), if a purchaser has obtained a tax-exemption certificate issued by the compe-tent authorities on imported goods for which the customs duty was levied on the amount of the rental or royalty, and which are sold during the stated period of their lease or usage, the importer may directly change the consignee without re-exporting said goods.