Transfers from Free Trade Zones (FTZ) and Duty-Free Islands:Goods from FTZs and Duty-Free Islands, which are Labuan, Langkawi, Tioman, and Pangkor, are treated as imports because these areas are considered outside the regular customs territory of Malaysia, which is known as the Principal ...
1. Pilot Free Trade Zone “Minimal Approval Shanghai Lingang New Area: implementing “tolerant acceptance” for integrated circuits and high-end equipment manufacturing, and compressing the approval timeframe to 5 working days.Hainan FTZ: Pilot implementation of “commitment to enter” for foreign ent...
In an import, all goods importing to a location is moved to a customs bonded area at the customs location first. Once after completion of necessary import customs clearance procedures and formalities, the goods are moved out from such Customs Bonded Area to the importer’s place. In other wor...
FTZ stands for “Free Trade Zone” (保税区)[1], which is an enclosed and gated area under special supervision by the customs authority. Shanghai Waigaoqiao FTZ founded in 1990 is the first of its kind in China and China has 9 FTZs totally to date[2]. The major advantages of FTZs ar...
“It is difficult to measure the levels of smuggling as this is an underground activity mostly done through undesignated entry points,” said ZIMRA’s Jambwa, by email. “The value of the potential loss cannot be easily ascertained,” she said, failing to provide an estimate. Tax analyst Mr...
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TheShanghai FTZis made up of three extant bonded areas – Yangshan, Waigaoqiao including a logistics park and Pudong Airport Area. In total, Shanghai Pilot Free Trade Zone covers 28 square kilometers. Many companies already have operations in this region; office and industrial spaces are still ...
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"When we import goods, we export jobs": An in-depth analysis of the laws and practices related to land expropriation for the Lekki Free Trade Zone in Lagos, Nigeria 2) Did the government follow international standards on expropriation and compensation in the LFTZ case? 3) What measures can...
The article reports on the approved pilot free trade zone in Shanghai, China. It is said that only select sectors in the free trade pilot area (FTPA) would be granted a lowered 15 percent corporate income tax rate. Leonard Khaw, deputy national tax leader of Deloitte China, said the ...