Here are the main points of the circular relating to the new customs provisions introduced by the Finance Act (LF) for the 2023 budget year with regard to Value Added Tax (VAT) on imports:
1. Article 247 of the General Tax Code (CGI) has been amended to provide for the temporary exemption from VAT on imports in favor of simple foodstuffs intended for the feeding of livestock and farmyard animals and this, during the period from January 1 to December 31, 2023.
2. Establishment of a procedure for granting exemption from VAT granted to imports of products and materials intended for exclusively agricultural use.