- VAT exemption is available for machinery, equipment, and software purchases for taxpayers with incentive certificates.
- The machinery and equipment purchased with incentive certificates are eligible for VAT exemption.
- Machinery and equipment must be listed in the incentive certificate to qualify for the VAT exemption.
- Vehicles such as ambulances, trucks, and construction vehicles can benefit from the VAT exemption under certain conditions.
- There may be confusion regarding whether consumables, spare parts, and furniture listed in the certificate are eligible for VAT exemption.
- Consumables, spare parts, and furniture can qualify for VAT exemption if they are directly and necessarily used in production.
Source: kpmgvergi.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.
