Companies engaged in export are exempt from Value Added Tax (VAT) on sales made abroad and purchases made for this purpose. This allows exporters to reclaim the VAT paid on the products they procure. Known as registered export sales, this activity helps businesses enhance their competitiveness in international trade.
Registered export sales refer to transactions where VAT is not charged on sales made for foreign currency exports, as per Article 11-c of the Value Added Tax Law No. 3065. This exemption ensures that VAT is not included in invoices issued by manufacturers to exporters.
This regulation provides significant financial advantages for exporting businesses. Registered export sales help reduce costs for exporters and enhance their competitive edge in the international market.
08.07.2024