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Viesearch·
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@jasmaccountingeditor·
Designated Zones vs Free Zones: What VAT Actually Applies?
Quick answer: A designated zone is not automatically VAT-free. It is a specific free zone named in Cabinet Decision No. 59 of 2017, as amended, and the relief applies only to certain movements of goods under strict conditions. Services supplied within, into or from a designated zone are standard-rated at 5%, with almost no exception.