According to the new rules, the procedure for including goods in the list exempt from value-added tax (VAT) when exported from free economic zones (FEZ) to the rest of the country has been updated.
Now, goods that will be added to this list will be able to qualify for VAT exemption for one year from the date of the Cabinet's decision on their inclusion.
In addition to this, the criteria for including goods in this list have also been changed. In particular, the threshold for the share of imports required to confirm the import-substituting nature of the products has been reduced from 80% to 50%.
Furthermore, the process for submitting applications for the inclusion of goods in the list has been clarified. The General Directorates of FEZ will accept documents, conducting the necessary economic calculations and analyses to ensure compliance with the established criteria.
After that, proposals will be sent to the National Investment Agency, where an interagency working group will be formed with the participation of representatives from various government bodies, such as the Tax and Customs Services, as well as the National Statistical Committee.
Based on the review, the agency will prepare a draft decision for the Cabinet of Ministers to amend the list of goods.
The new rules will come into effect 15 days after official publication.
