Notice to all Economic Operators:  Letter of authorisation for deferment of the payment of VAT

Pursuant to the provisions of article 60 (1) (c) of the Value Added Tax act (Chapter 406), the Commissioner of Revenue may authorise that for a specific period of time allows for deferment on the importation of raw material used exclusively for the manufacture of goods and/or plant machinery used entirely for manufacture.

To expedite the release process for all shipments which benefit from the aforementioned deferment, all economic operators are being requested to upload the authorisation including the Taric code list issued by the VAT Department in the National Import System (NIES), with immediate effect.  Those economic operators who fail to comply with these instructions are being informed that the Department will no longer assume responsibility for customs clearance delays.

Whilst thanking you in advance for your cooperation, you are kindly being requested to contact Director Compliance and Systems, Mr Alan Mamo, ([email protected]) for any additional clarification.