Based on the latest tax refund data issued by National Tax Authority-Finance Ministry on this June 19, the updated refund rate for the concerning products is as below valid from July 1st, 2007:
Fittings-5%
Valves-13%
Parts-9%
Our valve¡¯s rate has not changed. Fittings dropped from 13% down to 5% and Parts¡¯ rate dropped from 13% down to 9%. Fitting¡¯s rate which adjusted from 13% to 5% from September 2006 has not changed this time but still keeps 5%.
