Article 22 - Deferral of Tax payment on Import

A. The Bureau may allow the deferral of payment of Tax on import subject to meeting the following conditions:

1. The Importer is registered for Tax purposes.
2. The Taxable Person is bound by Customs Affairs records at the Ministry of Interior.

B. A Taxable Person authorised to defer payment of Tax on import shall adhere to the following:

1. He shall maintain records and documents which enable the Bureau to verify the import procedures and the correctness of the calculation of the Tax due, provided they are submitted to either the Bureau or Customs Affairs upon request.

2. He shall cooperate and comply with any requests made by the Bureau in relation to the imports.

3. He shall declare the Tax due on the Tax Return relating to the Tax Period during which the import of Goods occurred.