Automatic VAT rebates soon

Automatic VAT rebates soon

Automatic VAT rebates soon New system will allow for the immediate payment of dues to enterprises and professionals Value-added tax rebates will soon become automatic, without the required intervention of tax officials. According to the planning of the Independent Authority for Public Revenue, interested companies and freelance professionals will be able to submit their demands electronically and observe their VAT rebate due being credited to their bank account in a short period of time. This process will be followed for the majority of money return applications, including 97% of tax rebate demands. For other applications the authorities will perform inspections, and demand additional data. High rebates will be paid out faster, but will be excluded from the automated system for monitoring purposes. Also exempted will be cases of companies with …
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