What basis does the import of electronic devices have for tax calculation?
Panwa : An importer is liable to VAT under Section 82(2) of the Revenue Code. The tax base for all types of imports is the value of imported goods by using the C.I.F. price of the product plus import duty Excise tax as prescribed under Section 77/1(19) of the Revenue Code. Special fee according to the law on investment promotion and other taxes and fees as to be prescribed by the Royal Decree under Section 79/2(1) of the Revenue Code.
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