The Independent Public Revenue Authority announced the direct and without any control refund of VAT to certain categories of businesses which are fiscally consistent.
The measurement mainly concerns businesses’ requests with high VAT balances, such as exports or businesses with transactions that are not subject to VAT at least 50% of their turnover in the last calendar year.
A high degree of tax compliance is a prerequisite for these businesses.
It’s of vital importance businesses to have been tax audited for at least three fiscal periods and the total reimbursements not to exceed 5% from the total claim, not to have committed tax and customs offenses and not to be suspected of involvement in fraud for intra-Community trade.