ECONOMIC COUNCIL TO THE PRIME MINISTER OF THE RM

The Secretariat of the Economic Council to the Prime Minister
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April2023

Procedures for recovering VAT on imported production machinery are too complex and discouraging for small businesses 

Procedures for recovering VAT on imported production machinery are too complex and discouraging for small businesses  The current regulatory framework does not provide for a mechanism to refund VAT on the import of production machinery for economic operators who are not liable for VAT. This is an impediment to the development of small and micro […]