The refund of Value Added Tax (VAT) withholding is a highly relevant issue for companies in Ecuador. This process allows companies to recover amounts of VAT that have been excessively withheld during a given period. However, due to the complexity and variability of the requirements and procedures, having a tax advisor becomes essential to guarantee proper handling of tax obligations and make the most of refund opportunities. The VAT withholding refund can have a significant impact on the liquidity and cash flow of companies, giving them the opportunity to reinvest those resources in their growth and development.
Source: russellbedford.com.ec
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