Is VAT Exemption Certificate Mandatory for Incentive-Certified Machinery and Equipment Purchases? (Part Four)

Value Added Tax (VAT) exemption certificate is required for the delivery of machinery and equipment to taxpayers who hold incentive certificates. It is necessary to obtain an exemption certificate from the tax office. The person requesting the exemption certificate must be a VAT taxpayer without exception. If an exemption certificate is not obtained, the approach of the tax administration is procedural. The exemption certificate is required for machinery and equipment listed in the attached list to the incentive certificate. Machine and equipment purchases made from the date the exemption certificate is obtained will be exempt from VAT.

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.

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