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IT COMPONENTS GET PREFERENTIAL TAX TREATMENT
Major IT products, regulated in Circular No 164 issued by the MoF on November 15, 2013, include laser-etched rubber keyboards with polyurethane coating and temperature resistance of 150 degrees Celsius, and vibrating motors for mobile phones of no more than 30mm diameter and a capacity of less than 0.5W.
Enterprises are required to register their list of imported materials, components and ancillary parts with sub-customs departments before importing the first batches of goods. While completing the customs procedures, the companies must submit official documents to request for a preferential tax rate for their imported items.
Source: VIR
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