The Ministry of Finance introduced amendments (Decree no. 289 dated 20 March 2023) to the rules for excess value added tax (VAT) refund—effective 7 April 2023.
The amendments include exceptions to the procedure for the verification of suppliers of goods and services using the analytical “Pyramid” report. Specifically, tax violations identified as a result of the Pyramid report will not affect the confirmation of the accuracy of the excess VAT amount, if:
- The understatement of the VAT amount identified by comparing the supplier’s VAT declaration and issued electronic VAT invoices does not exceed 10 times the monthly index…
Source: KPMG
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