- The decision number 7846, published in the Official Gazette on November 24, 2023, removes the right to deduction of value-added tax calculated within the scope of import surveillance and protection measures.
- This decision aims to prevent the deduction of value-added tax paid on imports due to measures such as import surveillance, protection measures, and anti-dumping taxes, in order to protect domestic production.
- The decision applies to undeclared and unverifiable amounts stated in customs declarations subject to import surveillance, as well as any taxes, fees, and charges included in the value-added tax base due to these amounts.
- It also applies to customs duties and/or additional financial liabilities applied as protection measures, as well as anti-dumping and countervailing taxes applied to prevent unfair competition in imports.
- The decision comes into effect on the date of publication.
- The implementation of this decision is carried out by the Minister of Treasury and Finance.
Source: alomaliye.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
