For large-scale investments classified as strategic investments, the VAT paid on machinery and equipment purchases can be refunded.
For projects with strategic investment status, in addition to the VAT exemption, the ability to obtain a refund of the VAT on expenditures significantly improves the investment's cash flow.
Unlike the standard VAT exemption, in projects with strategic investment status the VAT paid on machinery and equipment purchases can be refunded during the declaration period.
To benefit from the VAT refund, the investment must be granted strategic investment status. The basic criteria are:
After strategic investment approval is obtained, a refund request is made in the VAT declarations. The process is followed up with a Sworn-in CPA report and technical documents.