VAT Alert (02/10/2012)
As of 2013: Refund of the deposit for the import VAT deferral license - Form published
Last July, the Council of Ministers agreed that the license for the deferral of import VAT payment will no longer require a deposit.
This license is often used by import companies to prevent cash flow pre-financing. The payment and the deduction of import VAT is reported through the same periodical VAT return and therefore mitigates any cash impact.
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