5. Exports

Export deals were already defined.

They are exempt from VAT in order not to cause a cumulative effect when the goods are imported in another country.  Tax credit (reimbursement) is recognized in by the tax authorities in the exporting country, thus putting the supplier in a favorable position to compete with local producers on the foreign market.

Persons whose business consists predominantly of export deals will prefer to become "registered" even if their turnover is under 75.000 levs in order to benefit from the tax reimbursement right available to registered persons.

The right of reimbursement, however, is granted only when the performed deal is "in the scope of VAT" as defined abov e.