VAT refund

Have you ever tried to get a VAT refund? You are the winner if you have tried to do that once and you have managed to get a VAT refund on the current account. On the other hand, you may be the one, who has never succeeded to get a VAT refund.

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One of our clients, with whom we cooperate for over 3 years, has applied to the tax authorities to ask for a VAT refund. The reaction of the regulatory authorities was extremely surprising.

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If the company has a tax credit and wishes to return the funds to its current account, it is necessary to file a VAT return with duly completed Annexes 3 and 4. And further, the supervisory authorities within 30 days must:

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- Conduct a desk audit, OR

- Appoint an unscheduled field audit.

The first option is least favorable: you will only get a refund. The second option is not so easy, as an audit is stressful.

It was the audit that our client had to face.

The era of the Internet and generally available information give anyone a chance to use any details on your company not in your favor.

The inspector learned via the Internet that the Company was looking for a new employee. An archive vacancy on behalf of our client found on the site work.ua was proving that. But there was no employee among the staff according to the vacancy.

The tax inspector offered to waive the VAT refund voluntarily because otherwise, they intended to check whether there were any violations in the employment of all employees of the company.

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This uncommon situation had a positive outcome for our client, only because we had a great experience in communicating with tax inspectors and helped in finding arguments to talk to taxpayers.

Anyway, we would like to ask you to be careful when you apply to any official bodies. Check the information available on public networks, as elsewise it can be used against your company.

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If you have any questions regarding VAT refunds, we will be glad to help you resolve such an issue, assist in effective preparation, and undergo all possible audits.

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We wish you a successful refund and easy communication with tax inspectors!