CHAPTER THREE
OPERATION OF BUSINESS
ENTITIES
WITH FOREIGN INVESTMENT
Article 19. Exemptions from Customs Duties and Sales Tax
1.Technological equipment and machinery which form a part of the share capital of the business entity with foreign investment shall not be subject to customs duties and sales tax, effective from the date of approval by the Ministry of Trade and Industry of the establishment of the business entity with foreign investment.
2. Raw materials, components, spare parts
and materials for production which will be brought in by business entities
with foreign investment, except those entities in trading and catering,
shall not be subject to customs duties for 5 years effective from the date
of registration of the business entity with the General Department of State
Taxation.