Vat Refund Agreement

The application form has been largely standardized, but the EU member state of reimbursement retains the ability to determine preferences such as the language needed for free text boxes. Some EU Member States now accept more than one language, with English being a common option. In order to ensure that tax authorities are not tempted to delay refunds in times of pressure on collection targets, appropriate performance indicators should be set to monitor actual investigations and refunds on the basis of forecasts, explaining discrepancies. Then and immediately, you will inform ZappTax that a sales contract has been concluded with the reseller by providing digital images of the reseller`s invoice via the app. It was not possible to carry out a full assessment of the VAT bank account system in Bulgaria, as there was no hard data available to assess its impact on VAT revenues and delays in refund. As might be expected, growth will also have a positive effect on the repayment rate – which could be due to special treatment of the tax liability for the purchase of capital goods – although the coefficient is not significant. The effects of literacy are positive and significant and cover the evolution of the economy10, as well as the range or VAT rates that cover refunds on domestic sales at preferential rates. Zero rating deliveries to exporters (D1) reduce the reimbursement rate as expected. Interestingly, the payment of general revenue (D2) refunds has a positive effect on refunds (although they are not significant in this equation, the positive sign is robust in a large number of specifications), which means that the use of explicit budget appropriations for VAT refunds actually has a suspensive effect on refunds.

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