Taxation

There are a number of types of duties and taxes that are applied to imported goods:

  • value added tax (VAT) of 10 per cent
  • excise tax
  • profit and income tax
  • lump-sum tax
  • environmental tax
  • fees and administrative charges.

The profit tax rate of 24 per cent is applied to both domestic and foreign enterprises that hold legal entities and a progressive rate ranging from zero to 24 per cent for individual enterprises and freelancers.