November is a key month for making census changes with the Tax Authorities and preparing for the new fiscal year. Among the most advantageous options is the Deferred VAT Regime, particularly beneficial for importing companies.
This system allows businesses to avoid paying import VAT at customs, as the tax is declared and deducted directly in Form 303, with no additional financial cost.
Its main advantages include improved liquidity, since there’s no need to advance VAT payments, and greater competitiveness, by reducing cash flow pressure in international operations.
However, this regime requires monthly VAT returns and strict accounting control to meet deadlines and avoid penalties.
At MDG Advisors, we provide guidance on the application process and ensure the correct implementation of the regime to optimize your import tax management.