Promulgated by the Customs Law of Madagascar 2021

The Ministry of economy and finance of Madagascar recently announced the code des DOUANES and code G é n é ral des Imp ô According to the fiscal act 2021 published at the beginning of this year, the two codes adjust the relevant contents of tariff and general tax.

Novel coronavirus pneumonia and local pasta value added tax rate decreased to 5% in 2021 to further support local industrialization and promote economic recovery and promote the prevention and control of new crown pneumonia. Local flour, edible oil and other necessities are exempt from VAT; Wheat import and sales are exempt from VAT; The import and sales of medical materials, equipment, consumables and iodine fluoride products are exempt from VAT.

According to the division of labor, the General Administration of customs and the General Administration of Taxation of the Ministry of economy and finance of Malaysia update the tax rules of the year respectively according to the annual finance bill and the amendment to the finance law.

Source: Linyi Council for the promotion of international trade