- The fourth edition of executive instructions for VAT refunds has been approved to unify, accelerate, and simplify procedures for taxpayers.
- The new instructions align with digital transformation, using electronic systems and reducing required documents.
- More flexible and accurate mechanisms are introduced to support the export sector in processing VAT refund requests.
- Priority for VAT refunds will be given to companies on the “white list” to support compliant businesses.
- VAT refund processing time is reduced to 20 days, with application review shortened to just two working days.
- Enhanced electronic communication with companies aims to ensure quick document submission and prevent delays or rejections.
Source: facebook.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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