2024-04-26 19:36:51
This note, referring to circular n°6522/210 of the ADII and circular note n°735 of the Directorate General of Taxes (DGI), underlines that the Finance Law (LF) 2024 has subordinated the benefit of the exemption from VAT on the importation of investment goods, provided for by articles 123-22°, 133-23°, 123-24° and 123-25° of the General Tax Code, the obligation to the production by the taxable persons of sufficient guarantees in accordance with the legislative and regulatory texts in force.
“Thus, to benefit from the VAT exemption on the importation of capital goods, the importer must provide two essential documents, namely a commitment to register the imported capital goods in a fixed asset account likely to give rise to the right to the deduction provided for in article 101 of the CGI, as well as a document justifying the constitution of the aforementioned guarantees”, indicates the ADII.
The importer must contact the DGI in order to provide the necessary guarantees, following which and after examination and validation, the DGI establishes a certificate of deposit of sufficient guarantees which is transmitted to the ADII, reports the same source.
And to add that in the event of absence of the document justifying the constitution of the guarantees, and pending its delivery by the competent services of the DGI, the importer can request the deposit of the amount equivalent to the VAT.
Furthermore, it should be noted that while waiting for the automation of its computer exchange between the ADII and the DGI, the certificate of deposit of sufficient guarantees issued by the DGI must be produced by the importer in support of its import declaration.
2024-04-26 19:36:51