Import tax definition

Import tax or “Import duty” means a tax imposed on selected imported products, such as tobacco products;
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Import tax means an ordinary import, anti-dumping, countervailing or safeguard duty imposed in terms of the Customs Duty Act on goods imported into the Republic. Value-added tax imposed in terms of the Value-added Tax Act on goods imported into the Republic and all excise duties and levies imposed in terms of the Excise Duty Act on goods imported into the Republic, are also examples of import taxes
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Examples of Import tax in a sentence

  • Import tax on machinery, apparatus, instruments, equipment, computation tools (software) to be incorporated into the companies accredited under the PADIS programme as well as on raw materials and inputs might also be reduced to zero when the importer is a company accredited under the PADIS programme.178 b.

  • Import tax shall be exempted for goods imported for direct use in the research, development or renewal of technologies, including machines, equipment, spare parts, supplies and means of transport which cannot be produced at home yet, and technologies which cannot be created at home yet; scientific documents, books and newspapers.

  • Import tax on materials/supplies that cannot be manufactured in Vietnam and are imported to directly serve production of software programs.

  • Import tax on materials/supplies, machinery, and equipment and compensating products used as payment for processing by the foreign party shall be charged upon their import.

  • Import tax shall be paid in laris, the national currency of Georgia, by cash or non-cash payment, through a banking institution, unless otherwise provided for by the customs legislation of Georgia.

  • Import tax (II) and IPI - Tax assessment notice claiming differences of Import and Excise taxes, arising from the reclassification of the Mercosur Common Nomenclature (MCN) on imports of microprocessors carried out by the Company.

  • Brazil encourages exports by offering a number of export-related incentives:● Import tax exemptions or reductions for imported materials (II) that are incorporated into exported products (Drawback);● Tax exemption or credit on different local taxes (ICMS, IPI, ISS, PIS and COFINS);● Special (low cost) financing arrangements.

  • The European Commission was initially considering four options for a CBAM design: 1) Import tax; 2) ETS extension; 3) Notional ETS with a separate pool of allowances; 4) Consumption tax (excise or VAT type).

  • Import tax rate was raised for 3-wheelers in November 2015 and April 2016.

  • These guidelines were prepared by the Article 29 Working Party, which has now been replaced by the European Data Protection Board (EDPB), in advance of the GDPR coming into effect on 25 May 2018.

Related to Import tax

  • input tax , in relation to a vendor, means—

  • VAT means value added tax in accordance with the provisions of the Value Added Tax Xxx 0000.

  • Goods and Services Tax (GST) shall mean any tax payable on the supply of goods, services or other things in accordance with the provisions of GST Law.

  • Sales Tax means all applicable provincial and federal sales, use, value-added or goods and services taxes, including GST/HST;

  • Relevant Tax means any present or future taxes, duties, assessments or governmental charges of whatever nature, imposed or levied by or on behalf of any Relevant Jurisdiction or any authority therein or thereof having the power to tax.

  • Relevant Tax Authority means HMRC, or, if applicable, the tax authority in the jurisdiction in which the Supplier is established;

  • Australian Tax Act means the Income Tax Assessment Act 1936 (Cth) (Australia) or the Income Tax Assessment Act 1997 (Cth) (Australia), as applicable.

  • Integrated Goods and Services Tax Act means the Integrated Goods and Services Tax Act, 2017;

  • GST means Goods and Services Tax charged on the supply of material(s) and services. The term “GST” shall be construed to include the Integrated Goods and Services Tax (hereinafter referred to as “IGST”) or Central Goods and Services Tax (hereinafter referred to as “CGST”) or State Goods and Services Tax (hereinafter referred to as “SGST”) or Union Territory Goods and Services Tax (hereinafter referred to as “UTGST”) depending upon the import / interstate or intrastate supplies, as the case may be. It shall also mean GST compensation Cess, if applicable.

  • foreign tax means any Foreign Income Taxes or Foreign Other Taxes.

  • Goods and Services Tax (Compensation to States) Act means the Goods and Services Tax (Compensation to States) Act, 2017;

  • Input Tax Credit means the credit of input tax;

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • value added tax means value added tax charged in accordance with the Value Added Tax Act 1994.

  • GST Act means the A New Tax System (Goods and Services Tax) Act 1999 (Cth).

  • integrated tax means the integrated goods and services tax levied under the Integrated Goods and Services Tax Act;

  • Use tax means a nonrecurring tax, other than a sales tax, which (a) is imposed on or with respect to the exercise or enjoyment of any right or power over tangible personal property incident to the ownership, possession, or custody of that property or the leasing of that property from another including any consumption, keeping, retention, or other use of tangible personal property, and (b) is complementary to a sales tax.

  • Applicable Tax Law means any foreign, federal, state or local tax law, statute, regulation, rule, code or ordinance enacted, adopted, issued or promulgated by any Governmental Body or common law that apply to any party hereto, this Agreement or the activities contemplated hereby, as applicable.

  • Other Tax means any Federal Other Tax, State Other Tax, or Foreign Other Tax.

  • Federal Tax means any Tax imposed under Subtitle A of the Code.

  • Canadian Tax Act means the Income Tax Act (Canada), as amended.

  • Sales Taxes means any sales, use, consumption, goods and services, value added or similar tax, duty or charge imposed pursuant to Applicable Law.

  • goods and services tax practitioner means any person who has been approved under section 48 to act as such practitioner;

  • the Taxes Act means the Income and Corporation Taxes Act 1988;

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • VATA means the Value Added Tax Xxx 0000;