| Popis: |
Value added tax is an indirect tax, calculated on value added tax incurred by taxable persons registered for VAT purposes and borne by final consumers. At the end of each month, the deductible tax is offset by the tax collected. If the deductible tax is higher than the collected tax, the tax to be recovered from the state budget results. The VAT is regularized through the tax return, which is submitted monthly or quarterly. Taxable persons who register a tax to be recovered may request a refund. If the fiscal risk is low, the VAT Refund Decision is issued; for medium fiscal risk, the documentary analysis is performed, and for high fiscal risk, the refund is made after the fiscal inspection. A temporary procedure is in place for the COVID-19 pandemic. Thus, the returns with negative amounts of VAT with the option of reimbursement are settled with subsequent control. |
