VAT refund: Legal basis and its treatment by the tax authorities

The fact that Value Added Tax can sometimes prejudice companies’
activity is against this tax basic principles, which are based on its neutrality and
targgetting the private consumption (flow-through tax borne by the final consumer). The
dissertation means to approach the legal aspects on Value Added Tax refund and how
the resultant credit can be used to compensate the taxable person debts. We believe
that in this way we can reflect and discuss about a topic that raises practical and
interesting legal issues

By Francisca FERNANDES on rpsadvogados.pt

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