Elimination of VAT on import of foreign machinery and equipment and domestic production

Elimination of VAT on import of foreign machinery and equipment and domestic production

Elimination of VAT on import of foreign machinery and equipment and domestic production, Director of Performance Supervision of Economic Activists of Qeshm Free Zone Organization said: VAT on import of foreign and domestic machinery and equipment from the mainland to free and special economic zones from The sentence of Qeshm Free Zone is deleted.

Amir Selki on Wednesday added: “According to Article 52 of the VAT Law, free zones are excluded from the scope of this law.”

He stated: According to the approval of the Council of Ministers, foreign machinery and equipment cleared in the customs territory in case of internal transfer to free zones by presenting a customs clearance license and approval by the Customs of the Islamic Republic of Iran located in free zones, subject to VAT. Are not.

The Director of Performance Supervision of Economic Activists of Qeshm Free Zone Organization stated: The transfer of domestically produced machinery and equipment to free zones by submitting an output issued by the Customs of the Islamic Republic of Iran is subject to Article 12 of the VAT Law approved in 2008.

According to him, the import of foreign machinery and equipment in case of internal transfer and the transfer of domestic machinery and equipment to free zones are not subject to VAT according to the law.

Selki announced: in case of retrieval of machinery and equipment from one region to other regions of the country, the rules and regulations related to VAT laws will be applied to them. Resistance, action and practice by the Supreme Leader of the Revolution, stated: The entry of domestically made machinery into free zones, including Qeshm without VAT, will play an important role in the implementation of resistance economy in this region and other free zones. Qeshm Island with one thousand And 500 square kilometers is located as the largest island in the Persian Gulf in southern Iran.