Acceleration of VAT refund: the new grounds for the declarative VAT refund procedure
At the moment companies may need cash and may want to improve their cashflow. When input VAT exceeds output VAT, the declarative VAT refund procedure may become an effective remedy to speed-up the velocity of money. The new grounds for the declarative VAT refund procedure have been introduced as one of the tax support measures for businesses in the existing environment.
We would be happy to provide the following services to accelerate the VAT turnover and support you at all stages of VAT refund.
Stage 1. Assessment of the possibility of accelerating the VAT turnover and using the declarative VAT refund procedure.
Stage 2. Preparation for VAT refund .
Stage 3. VAT refund support.
The KPMG Review attached observes the occurred changes, provides a detailed description of each of the above mentioned stages and contains KPMG experts’ recommendations.