Facilitations & Exemptions > Exemptions from VAT on Importation >
Investments with a value equal to or greater than 50 million ALL
Machinery and equipments in function of investment contracts of a value equal to or greater than 50 million ALL which are not for sale:
The taxable persons who will import machinery and equipment in this case must submit to the General Directorate of Customs the following documents:
a written request to which a copy of the NUIS/NIPT certificate is attached in the case where there are carried out formalities for the first time to the customs authorities;
a copy of the agreement with the Council of Ministers, by which the investment contract is approved, where the investment value is specified equal to or over 50 million ALL or in the cases of entirely private investment, a copy of permit/ license/authorization (only for first request);
a copy of the investment plan including the estimate amount of investment where it is determined that the value is equal to or over 50 million ALL as well as the duration of the investment;
copies of the investment plan including the projection for the year when imports are made;
data on the type and quantity of machinery and equipments to be imported with relevant tariff codes and installation period;
a copy of the ownership or lease of the premises where the investment will be made;
the schematic and narrative description of the technological scheme for each element of it;
Taxable person's statement that the machinery or equipment, for which exclusion is required, it is not imported for sale.
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