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Proposed Legislative Changes for VAT Offset Method on Imported Goods: Public Consultation Open Until August

  • Draft Order published regarding VAT offset method for imported goods
  • Proposal to expand list of goods eligible for VAT exemption through offset method
  • VAT exemption can be applied for companies importing equipment under investment contracts in electric power industry
  • Draft order under online discussion until August 15, 2024
  • List of proposed goods to be included in the exemption can be found in brochure

Source: gratanet.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.

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