- Government has updated list of imported equipment exempt from VAT
- Aim is to promote investment in manufacturing sector
- List includes machinery, equipment, and raw materials
- Exemption applies to imports for manufacturing purposes only
- Companies must provide proof of intended use to qualify for exemption
Source: research.ibfd.org
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.
