Special Purpose VAT Refund Report Certification Service

Özel Amaçlı KDV İade Raporu Tasdik Hizmeti

Special Purpose VAT Return Report Certification Service… VAT, also known as ”value added tax”, is a type of tax that has been implemented since 01.01.1985 with the Law No. 3065. The state demands this tax on consumption. VAT is actually the tax that the last user of a product pays, ie it is paid by the consumer or user of the good.

VAT refund offered by the state to taxpayers is an exceptional situation aimed to improve governmental incentives for taxpayers. The aim here is that the tax remains on the last consumer or not on those other than the last consumers in terms of the discount and deduction mechanism covered by VAT.

Special Purpose VAT Refund Report Certification Service

It might not always be feasible to pass the tax on to the final customer, in which case the seller would continue to be responsible for paying the tax. For instance, certain business types do not impose any or very little value-added tax on the sale of products or services. The VAT refund will be under consideration when these or comparable circumstances arise. For instance, if an enterprise purchases a product for 18% VAT and sells it to the customer at 1% VAT, it must request a refund since it is unable to pass along the difference to the customer.

Transactions that constitute VAT refunds according to the legal regulation; Port and airport exploration and operation, petroleum exploration, investment goods with incentive certificates, vehicle delivery to the disabled, export exemption, precious metal exploration-operation, transportation by pipelines, and international transportation. Institutions and individuals that export products and/or services domestically, as well as those who conduct legal international sales of goods and/or services, are eligible for a VAT refund. VAT refunds may be requested through the Tax Office after completing the necessary paperwork regarding the amount of tax deducted in some instances where the Ministry of Finance gives the taxpayers their share of withholding Value Added Tax in specific proportions to ensure that they will receive tax.

Certification Services and Special Purpose Reports

With the last law amendment coming into effect on 01.01.2019, a VAT refund is claimed in the calendar year in which the taxable transaction is found. Yet, it may be requested until the end of the following calendar year. With the recent regulations made, VAT refunds arising from the full exception realized after 01.01.2019 must be requested by the relevant person or corporation with a petition for two years as of the beginning of the year following the year in which this situation occurred. If the VAT refund request is not made within this period specified in the law, limitations regulated in the statute could arise. In addition, since 2010, it has become possible to make VAT refund requests online. Hence, value-added taxpayers can process the application by logging in via the Internet Tax Office with their personal user code and password. After logging into the system, the return process can be initiated by selecting the option ”to send VAT refund request lists” in the transaction menu.

Different documents are required for each of the VAT refund request transactions within the scope of the Law No. 3065. Documents required for VAT refund request pursuant to Article 11; request petition, list of service and sales invoices, customs declaration, VAT calculation table accepted for refund and Value Added Tax list loaded and VAT list to be deducted for the export period. Documents required for VAT refund application under Article 13; Application form, list of sales invoices, VAT list uploaded for transactions giving rise to the right of return, list of VAT deductible for the period in which the exception was declared, sample tax exemption documents obtained from the tax office and VAT requested for refund calculation table. The documents required to apply for a VAT refund under Article 13 are the petition, the table of annual refunds, the year in which the transactions were made, the discount rate, the list of sales and purchase invoices for these transactions, and any deductions made throughout the year. Amounts are given each month in a single table with details.

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