Finance Minister removes taxes from electric charging and sporting equipment

News

The Finance Minister has released a list of the electric vehicle chargers and parts and sporting equipment on which buyers will be exempted from paying customs duty, value added tax and online purchase tax, as stated in the 2024 budget statement.

It is to be noted that the list covers sporting and not general fitness equipment.

The exemptions are covered in Legal Notice Nos. 249, 250 and 251 of 2024.

Electric Vehicle Chargers and Parts

• Electric Vehicle Parts

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• Electric Vehicle Batteries

• Electric Vehicle Charging Stations/Chargers for a voltage not exceeding 1,000 V

• Electric Vehicle Charging Stations/Chargers for a voltage exceeding 1,000 V

Sporting Equipment

• Trapeze bars and rings

• Trapeze rings

• Horizontal bars

• Parallel bars

• Balance beams

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• Vaulting horses

• Pommel horses

• Spring boards

• Wall bars

• Kip Practice bars

• Hand grips

• Air Tracks

• Indian clubs

• Dumb bells

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• Bar bells

• Kettlebells

• Weight plates

• Stability balls

• Fitness balls

• Medicine balls

• Jump balls with one or more handles designed for physical exercises

• Chest expanders

• Hand grips

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• Starting blocks

• Competition Hurdles

• Agility Hurdles

• Jumping stands

• Jumping standards

• Vaulting poles

• Landing pit pads

• Javelins

• Discuses

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• Throwing hammers

• Putting Shots

• Punch balls (speed bags)

• Punch bags (punching bags)

• Boxing rings

• Wrestling Rings

• Skipping ropes designed for sports activities and fitness classes

• Foam rollers

• Coastal rowers

• Scull

• Cyclocomputer

• Golf clubs and other golf equipment: Clubs, complete

• Golf clubs and other golf equipment: Balls

• Golf clubs and other golf equipment: Other

• Articles and equipment for table-tennis

• Tennis, badminton or similar rackets, whether or not strung: Lawntennis rackets, whether or not strung

• Tennis, badminton or similar rackets, whether or not strung: Others

Lawn-tennis balls

• Balls, other than golf balls and table-tennis balls –Inflatable: For soccer

• Balls, other than golf balls and table-tennis balls –Inflatable: Other

• Balls, other than golf balls and table-tennis: Other

• Ball pumps

• Other: For cricket, other than cricket balls

• Other: For soccer, other than soccer balls

• Other: For lawn tennis, other than tennis rackets and balls

• Hockey sticks

• Baseball bats

• Softball bats

• Basketball Nets

• Volleyball Nets

• Badminton Nets

• Netball Nets

• Fencing foils

• Fencing sabres

• Fencing rapiers

• Fencing Epees

• Fencing masks

• Fencing breast plate

• Archery bows

• Archery arrows

• Archery targets

• Archery arm guards

• Archery T-squares

• Archery bow stringers

• Riding-crops

• Equestrian whip

• Equestrian saddle

• Equestrian bridles

• Basketball backstops

• Basketball backboards

• Netball rings

• Netball goal posts

• Water polo goal posts

• Baseball gloves

• Boxing gloves

• Cricket gloves

• Cycling gloves

• Equestrian gloves

• Golf gloves

• Hockey gloves

• Gloves used in combat sports such as Mixed Martial Arts, Sambo, Kick Boxing, Taekwondo and Karate.

• Rowing gloves

• Rugby gloves

• Soccer gloves

• Baseball helmets

• Boxing headgear

• Cricket helmets

• Cycling helmets

• Equestrian helmets

• Rugby headgear

• Water polo headgear

• Headgear used in combat sports such as Mixed Martial Arts, Sambo,

Kick Boxing, Taekwondo and Karate.