Tag: Tax

Businessman jailed for his part in NZ’s largest cigarette smuggling case

A businessman has been jailed for his role in the country’s largest cigarette smuggling case. The man and his company have interim name suppression and appeared at the Auckland District Court on Thursday after earlier admitting charges of defrauding customs, making erroneous entries in customs documents and selling goods without paying duties. The operation involved the smuggling of over 19 million cigarettes into Auckland, hidden inside office cabinets imported...

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Medical equipment, PPEs exempted from import duty, sales tax

KUALA LUMPUR (March 24): The Ministry of Finance (MoF) has exempted import duty and sales tax for the purchase of medical and laboratory equipment, personal protective equipment (PPE) and disposable products by any parties donating to the Ministry of Health (MoH) to help address COVID-19. The Royal Malaysian Customs Department, in a statement today, said this was agreed upon by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz...

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New EU Customs Regulation Ends VAT Exemption for under €22 Parcels

Following an amendment to Regulation (EU) 2015/2446 on EU customs rules, from 1 January 2021 it will be possible to declare goods up to €150 with a simplified customs declaration. The existing VAT exemption for goods up to 22 € will thus be abolished – the popular shipments from China with the label “Gift, 10$” will then be a thing of the past. Although all imports into the EU will...

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