- VAT-registered manufacturers receive relief on imported raw materials.
- Relief is subject to inclusion in a register published by the Commissioner-General.
- The register is valid for 12 months and updated every six months.
- This relief prevents manufacturers from paying VAT upfront at the port.
- Regular updates help prevent abuse of the incentive.
Source: assets.kpmg.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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