Exporters to Benefit From New Facilities

Finance Ministry and the General Directorate of Taxation softened the administrative procedures by granting the procurement system for exemption from VAT, as accreditation will be obtained by the regional manger of taxation, who is regionally tasked instead of the Regional Directorate, and it comes to exporters and traders in the field of transport, the production of fuels and pipes, as provided for by Article 16 of the 2016 Finance Act.

Finance Minister informed the economic operators, who will benefice from the procurement system, about the exemption from VAT in the framework of easing and simplifying the administrative procedures that were initiated by the tax administration measures, in accordance with Article 16 of the Finance Act 2016, and the provisions of Article 43 of the Fee Law on turnover by the reduction of the internal structures in the circle of granting the procurement system through exemption from VAT, and abolishment of the role of the regional Directorate of taxation, and granting from now on, under the decision of the Regional Director, as the new procedure provides that the adoption of this system shall take a decision by the Regional Director of taxation.

“Statement identified the operations and services that are benefiting from the procurement system with exemption from VAT and that are mentioned in Articles 1-42, 2 and 42 bis of the fees law on turnover, materials and services, and works that go into exploitation or transportation through pipelines for fuel, diluting gas and isolating the fluidized petroleum gases, that are acquired by the suppliers of companies, and that are destined to transformation, services and works of building refining facilities.”