IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jul 2014 | Removal date: open ended
Still in force

Tax-based export incentive

On 13 June 2014, the Ministry of Finance issued Notice No. 50 of 2014. Starting from 1 July 2014, companies providing cross-border water transportation services will be exempted from the VAT on the value of the exported service.
The export tax rebate procedure is applied in this case. Companies should also hold a valid "International Shipping License" or a "International Waterway Transport Permit" to be qualified for the VAT exemption.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

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