VAT Refund Services
Advisory services for accurately calculating VAT refund entitlements, preparing required documents and completing refund procedures in compliance with legislation.
Scope
Service Scope
VAT refund entitlement analysis
Refund eligibility is assessed for exports, reduced-rate transactions, withholding, exemptions and other transactions giving rise to VAT refunds.
Calculation of refundable VAT
Input VAT incurred, deductible VAT, carried-forward VAT and refundable amounts are calculated and analyzed under applicable legislation.
Document and schedule preparation
Sales invoices, purchase documents, input VAT schedules, deductible VAT schedules and other supporting documents are prepared for VAT refund applications.
Online Tax Office application process
Electronic applications, schedule uploads and system checks required for VAT refund claims are monitored.
Tax office process follow-up
Additional information, documents and corrections requested by the tax office are tracked to facilitate the refund process.
Deliverables
Deliverables and References
VAT refund application file
A comprehensive file containing calculations, schedules, documents and explanations supporting the refund claim is prepared.
Refund calculation schedule
A calculation package is prepared showing qualifying transactions, input VAT incurred and the refund amount claimed.
Document and schedule package
Electronic schedules, supporting documents and explanatory materials required for VAT refund applications are prepared.
Tax office follow-up summary
Updates on application status, requests for missing information, completed procedures and current process stage are shared.
Risk and compliance assessment
Compliance of the refund claim with legislation, potential risks and matters requiring correction are assessed.
Our Process
How We Work
Preliminary review and determination of refund type
Transactions and periods giving rise to VAT refunds and the applicable refund method are assessed.
Calculation and reconciliation
Refundable VAT is reconciled with accounting records, tax returns and supporting documents.
File preparation and application
Schedules, reports and documents for the refund claim are prepared and the electronic application process is conducted.
Review, follow-up and completion
Tax office checks, deficiency notices and additional requests are tracked through completion of the refund process.
Industries
Advisory That Understands Your Industry
Our specialists understand the tax, audit and operational needs of each industry.
Related Specialists
Specialists Working with This Service
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