The Federal Decree-Law No. (18) amended 25 existing articles and introduced a new article related to the statute of limitations.
The amendment of Article 79 bis raises particular concern for the registrants who have not yet claimed VAT refund within a five-year period. As a result of the above changes, it is clear that the tax authority would not be permitted to audit the periods beyond five years, which is an inseparable part of the VAT refund process.
Source: KPMG
