The import of these goods into the country is exempt from value added tax

The import of these goods into the country is exempt from value added tax



The import of works of art, collectors’ items, and antique items into the country is exempt from value added tax (VAT).

This is reflected in the proposed amendment to the Tax Code discussed at today’s session. Under the draft, based on a certifying document issued by the authority (institution) designated by the relevant executive body, the import of works of art, collectors’ items, and antique items—whose list according to the foreign economic activity commodity nomenclature codes is determined by that authority (institution)—will be exempt from VAT.