The new Tax Code introduces an accelerated VAT refund procedure for all exporters.
A refund can be processed without an audit in just 15 working days.
Condition:
- No outstanding tax notifications from tax authorities;
- Export ≥ 50% from turnover;
- the confirmed amount to be refunded for the last 12 months.
A tax risk management system is applied reducing risks and ensuring the interests of both parties are respected..
What will change:
The number of exporters eligible for a simplified refund will increase by more than 20 times (from 40-50 to 1000+ companies).
Return periods are shortened:
- for inspections – from 75 to 55 days,
- start point – a month earlier.
This will allow export-oriented companies to access their funds faster and increase capital turnover.