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Can you reclaim VAT on letter of guarantee?

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Question added by Ahmed Elfeky , Accounts Payable Accountant , Alaan TV (TMME)
Date Posted: 2019/04/04

Firstly:

Letters of guarantee from financial transactions that are not primarily subject to VAT

Second:

If this guarantee is deducted, as a payment for any obligation during the sale and purchase transaction, this process is subject to the added value according to the rights, in isolation from the first process, issuing the bank guarantee - as a payment for a separate transaction between two companies.

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