Accelerated VAT Refund with Enhanced Security: A Guide to the Incremental Guarantee System

• Artırımlı Teminat Uygulaması (ATU) is a process that allows businesses to receive faster KDV refunds.
• ATU applies to KDV refunds exceeding a certain limit and requires a YMM KDV İadesi Tasdik Raporu.
• Businesses must provide a bank guarantee or insurance company surety bond for 120% of the refund amount (60% for businesses with an ITUS certificate).
• Once the required documents are submitted and the guarantee is provided, the refund is processed within 5 business days.
• Businesses must submit the YMM KDV İadesi Tasdik Raporu within 6 months of receiving the refund.
• The KDV İade Risk Analiz Merkezi (KDVİRA) and the tax office review the transaction within 2 months after the YMM report is submitted.
• If no issues are found, the guarantee is returned to the business within 2 months of the YMM report submission.
• If issues are found, the business is given 30 days to address them, with an additional 30 days if necessary.
• If the issues are not resolved, the refund amount is collected from the business with interest and penalties.

Source: alomaliye.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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