- Presidential Decree No. 7846 removed the right to deduct VAT paid on imports subject to surveillance, safeguard measures, and anti-unfair competition actions.
- The regulation applies to VAT paid due to customs duties, additional financial obligations, anti-dumping, and compensatory taxes related to such imports.
- The 57th VAT General Communiqué introduced new obligations for taxpayers to document whether non-deductible VAT from these imports was claimed as a deduction.
- Taxpayers with relevant imports must comply with reporting requirements for each six-month period.
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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