VAT Refund is the legal rights of eligible taxpayers, however, in practice, there are often adjustments incurred both informal and material terms. TaxPrime’s VAT Refund services would minimize these risks and provide confidence for clients to claim the tax refunds. The key points of VAT Refund are the appropriate strategy and well-managed plan, by these, TaxPrime offers VAT Refund Plus service. The way that we do in general is to review the VAT Return with financial statements and supporting documents related to VAT refunds and make rectifications to the VAT Return, if needed, before filing a VAT Refund application. The entire process is carried out comprehensively to achieve the client’s goals.
We will assist you to assess your tax position and identify potential risks should you plan to file a tax refund application from your tax overpayment, considering that tax refund will only be approved upon completion of a tax audit conducted by the tax authority. Furthermore, we will suggest risk mitigation plan strategies that will introduce necessary actions to fix the problem and finally will provide full assistance during the tax audit process.