- VAT incentives under the CREATE MORE Act are applicable to goods and services directly related to registered projects or activities
- Eligible goods and services for VAT exemptions or zero-rating include janitorial, security, financial, consultancy, marketing, and administrative services
- Conditions for VAT exemption and zero-rating include export sales of at least 70% for certain goods and services
- Clarification on VAT treatment for the sale, transfer, or disposal of previously VAT-exempt imports
- Special provisions for high-value domestic market enterprises with significant investment capital or export sales, allowing for enhanced VAT benefits
Source: bworldonline.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.
