Milk import tax to be reduced
The Ministry of Finance has issued a
circular to adjust the preferential import tax rate applied to milk
under its Preferential Import Tariff system.
The Ministry of Finance has issued a
circular to adjust the preferential import tax rate applied to milk
under its Preferential Import Tariff system.
Accordingly, as of September 25, import taxes applied to a number of milk categories will be reduced from 3-7 percent to 3-5 percent.
Condensed milk and cream with added sugar or other sweeteners will enjoy an import tax rate of 3 percent.
Condensed milk and cream of the same kind in packs or cans, each of 20kg and above, will be subject to a tax rate of 5 percent.
The tax rate is also applied to nutritional products and others made of soybeans used in health sector./.
Accordingly, as of September 25, import taxes applied to a number of milk categories will be reduced from 3-7 percent to 3-5 percent.
Condensed milk and cream with added sugar or other sweeteners will enjoy an import tax rate of 3 percent.
Condensed milk and cream of the same kind in packs or cans, each of 20kg and above, will be subject to a tax rate of 5 percent.
The tax rate is also applied to nutritional products and others made of soybeans used in health sector./.
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