Modification of the VAT rate on machinery, equipment, and production lines.
Legal Alerts
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April 11, 2023
On March 2, 2023, the Minister of Finance issued Decree No. 115 of 2023 regarding the amendment of the Value Added Tax (VAT) rate applied to machinery, equipment, and production lines purchased from the local market or imported from abroad for use in the production of goods or the provision of services, with a VAT rate of 5%.
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