Recognition of the legitimacy of a VAT refund necessary for its crediting against other taxes

Taxpayers who apply for a surplus of input VAT charged for arrears in other taxes must bear in mind that the consequences of such an action will be similar as in the case of a VAT refund application to a bank account. In both cases, the office may extend the return period, justifying the need to verify the return.

Source Deloitte

---

---