Customs Duties and VAT definition

Customs Duties and VAT means customs duty levied under the Customs Act, 1969 (Act IV of 1969) value added tax levied under the Value Added Tax (VAT) Act, 1991 (Act XXII of 1991), imposed under the Laws of Bangladesh and any import licence fees and other taxes or levies, imposed under the Laws of Bangladesh, but excludes fees and charges of a commercial nature associated with the importation of goods;
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Examples of Customs Duties and VAT in a sentence

  • Ping, Liu and Caroline Silberztein, Transfer Pricing, Customs Duties and VAT Rules: Can We Bridge the Gap?, p.

  • See Liu Ping & Caroline Silberztein, Transfer Pricing, Customs Duties and VAT Rules: Can We Bridge the Gap?, 1 WORLD COM.

  • When the SIB was formally launched in September 2010 (Ministry of Justice and Social Finance 2010) it received further positive coverage including commentary on the potential offered by SIBs (see for example Travis 2010).

  • Maisto, Guglielmo, Cross-Border Valuation for Income Tax, Customs Duties and VAT, p.

  • Import duty exemptions target exploration and development phases The Petroleum Code of Senegal from 1998 provides an exemption from Customs Duties and VAT during the exploration and development phase of an oil and gas project.

  • Maisto, Guglielmo, Cross-Border Valuation for Income Tax, Customs Duties and VAT, IBFD Bulletin, March 2001, p.

  • Customs Duties and VAT Belgium is part of the European Union (“EU”), whose Member States form a customs union.

  • The UK became a third country for Customs purposes from 01 January 2021 and this has implications for businesses in terms of Customs Duties and VAT.

  • In addition to the general incentives provided by the Kenyan Government to attract investors, investors in tourism are entitled to waivers of Customs Duties and VAT, particularly those interested in building hotels.

  • Ac- cordingly, as an effort to take control over the situation of transfer pricing compliance, to avoid double taxation and protect their countries‟ tax base, many states have issued 1 Ping, Liu and Caroline Silberztein, Transfer Pricing, Customs Duties and VAT Rules: Can We Bridge the Gap?, World Commerce Review, Vol.1 Issue 1, 2007, p.

Related to Customs Duties and VAT

  • Customs Duties means any customs or import duty and a charge of any kind imposed in connection with the importation of a good, but does not include any:

  • Duties and Charges means in relation to any particular transaction or dealing all stamp and other duties, taxes, Government charges, bank charges, transfer fees, registration fees and other duties and charges in connection with the increase or decrease of the Trust Property or the creation, issue, sale, transfer, redemption or purchase of Units or the sale or purchase of Investment or in respect of the issue, transfer, cancellation or replacement of a Certificate or otherwise which may have become or may be payable in respect of or prior to or upon the occasion of the transaction or dealing in respect of which such duties and charges are payable, but do not include the remuneration payable to the Distribution Company or any Commission payable to agents on sales and redemption of Units or any Commission charges or costs which may have been taken into account in ascertaining the Net Asset Value.

  • Duties includes obligations. (5) The word “person” includes natural persons, firms, companies, associations, partnerships, trusts, corporations, governmental agencies and units, and other legal entities. (6) The word “shall” is mandatory. (7) The word “day” means calendar day. (8) The word “Work” is defined in Section 2. (9) A definition in this contract will not apply to the extent the context requires otherwise.

  • export duties means Customs duties and other charges having an effect equivalent to customs duties payable on the exportation of goods;

  • import duties means any customs duties and other charges of equivalent effect levied on imported goods;

  • Responsibilities means the responsibilities delegated to BNY under the Rule as a Foreign Custody Manager with respect to each Specified Country and each Eligible Foreign Custodian selected by BNY, as such responsibilities are more fully described in Article III of this Agreement.

  • customs duty means any customs or import duty and a charge of any kind, imposed in connection with the importation of a good, but does not include any:

  • Performance of duties means duties performed within the employee’s authorized scope of employment and performed in the line of duty.

  • operation in breach of customs legislation means any violation or attempted violation of customs legislation.

  • Customer Responsibilities means the responsibilities of the Customer set out in Call Off Schedule 4 (Implementation Plan) and any other responsibilities of the Customer in the Call Off Order Form or agreed in writing between the Parties from time to time in connection with this Call Off Contract;

  • Liabilities and Costs means all claims, judgments, liabilities, obligations, responsibilities, losses, damages (including lost profits), punitive or treble damages, costs, disbursements and expenses (including, without limitation, reasonable attorneys’, experts’ and consulting fees and costs of investigation and feasibility studies), fines, penalties and monetary sanctions, interest, direct or indirect, known or unknown, absolute or contingent, past, present or future.

  • Taxes and Duties means all taxes, duties, fees etc. payable as per applicable laws in India in connection with the development, operation and management of the Project;

  • Material Duties means the duties generally required by employers in the national economy of those engaged in a particular occupation that cannot be reasonably modified or omitted. In no event will working an average of more than 40 hours per week be considered a Material Duty.

  • Institutional Responsibilities means an Investigator’s professional responsibilities on behalf of the Institution, including activities such as research, teaching, clinical or other professional practice, academic activities, scholarly events, institutional committee memberships, and service on panels such as Institutional Review Boards or Data and Safety Monitoring Boards.

  • Payment Duties The meaning specified in Section 7.2(b)(vii).

  • customs procedures means the treatment applied by the customs administration of each Party to goods which are subject to customs control.

  • Segregation of Duties means the assignment of different people in the responsibility of authorising transactions, recording transactions and maintaining custody of assets with the intention of reducing the opportunities to allow any person to be in a position to both perpetrate and conceal fraud or error due to fraud in the normal course of their duties.

  • customs control ’ means control in terms of this Act;

  • customs law means all the statutory provisions applied by the customs administration on the importation, exportation, transit or movement of goods whether or not they involve the collection of duties or taxes (or security thereof), on the enforcement of prohibitions, restrictions or control or exchange control regulations or on any other customs regime;

  • TAXPAYERS' RIGHTS AND RESPONSIBILITIES means the rights provided to taxpayers in sections 718.11 , 718.12 , 718.19, 718.23, 718.36, 718.37, 718.38, 5717.011 , and 5717.03 of the Ohio Revised Code and any corresponding ordinances of the Municipality, and the responsibilities of taxpayers to file, report, withhold, remit, and pay municipal income tax and otherwise comply with Chapter 718. of the Ohio Revised Code and resolutions, ordinances, and rules adopted by a municipal corporation for the imposition and administration of a municipal income tax.

  • Administration of Medication means the act of placing a medication in or on an individual's body by a staff member who is responsible for the individual's care.

  • Liabilities Assumed has the meaning provided in Section 2.1.

  • Promotion of Access to Information Act ’ means the Promotion of Access to Information Act, 2000 (Act No. 2 of 2000);

  • Basic Conditions of Employment Act means the Basic Conditions of Employment Act, 1997 (Act No. 75 of 1997);

  • customs officer means any person acting as such in terms of the Customs and Excise Act [Chapter 23:02];

  • General power of appointment means a power of appointment exercisable in favor of the powerholder, the powerholder's estate, a creditor of the powerholder, or a creditor of the powerholder's estate.