- General Resolution 5476 was published on 29 December 2023
- The resolution modifies the VAT and income tax advanced payment regime on the importation of certain goods until 30 June 2024
- VAT is levied on the importation of goods, and importers are normally entitled to apply for VAT exemption certificates
- The Resolution suspends the VAT exemption certificates until 30 June 2024
- Importers will have to pay the VAT advanced payment, but they can compute it as a VAT credit without restrictions.
Source: insightplus.bakermckenzie.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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