From 1 January 2021, after an amendment to the VAT Act, VAT may be refunded on the supply of goods or services if the supplier (VAT payer) has received no payment or partial payment for the supply and the supplier’s claim has become non-recoverable. The amendment also applies to receivables which arose or became non-recoverable before 1 January 2021, therefore, we also advise analysing your older unpaid receivables.
Source: Deloitte
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