According to the decree, the list was supplemented with one more country — Latvia. Besides, the following amendment was made: if previously only individual administrative units of the United Kingdom of Great Britain and Northern Ireland were included in the offshore zone list, now the whole territory of the state has been added the list, the SCC press service reports.
The current list of states and territories providing taxation benefits should be taken into consideration when applying foreign economic contracts to a customs authority for registration and when calculating customs duties for goods imported as part of the bargain with contractors registered in offshore zones or as part of the bargain for which accounts have been opened in such territories or states.
In such cases governmental decree No. 254 of 7 October 2015 provides for the special customs duty on imported goods at an amount of 10% of their customs value.
