Duty-Free Zones are designated areas where goods can be imported, stored, and sometimes processed without immediate duty payment. These zones are instrumental in facilitating international trade and economic development.
Rules of Origin are essential trade regulations that determine the eligibility of goods for duty-free admission within free-trade areas, typically based on the percentage of inputs from member countries.
A detailed guide to tax-free shopping, encompassing its history, types, key events, formulas, importance, applicability, and more. Learn about VAT refunds for tourists and explore related terms, comparisons, and FAQs.
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