![]() Hotels, restaurants, and entertainment are not subject to Value Added Tax- instead, they are subject to local taxes, which is not a creditable tax. E.g., products are taken directly from their sources like crude oil, natural gas, coal, financial services like banking, insurance, and finance leasing. VAT Free means where certain goods and services that are not subject to VAT. Non Taxable means here VAT not collected (deliveries of goods to a bonded zone and deliveries of goods and services to a free trade zone).
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