- The VAT exemption under the Inward Processing Regime (IPR) has been extended until December 31, 2030.
- This extension allows export-oriented companies to continue purchasing domestic raw materials and intermediate goods without paying VAT, supporting cost management and cash flow.
- The measure benefits sectors such as iron and steel, textiles, automotive, machinery, chemicals, and white goods by maintaining their price competitiveness in export markets.
- The regulation is expected to reduce exporters’ financing costs, lower working capital needs, and support increased production capacity and new investments.
- The extension also strengthens the domestic supply chain and supports local producers.
Source: steelradar.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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