Vertax Consulting | VAT Return Services

VAT refund means that in cases where an enterprise is unable to reflect the value added tax to the end consumer, it can claim the VAT difference from the tax authorities within the rules determined by the legislation. The transactions that give rise to the right of refund in Value Added Tax (VAT), in other words, VAT refund types, are as follows in the order of the articles of the Law in which they are regulated;

 


1 Exports of Goods and Services (VAT Law Art.11)
a) VAT Refund from Goods and Service Exports
b) VAT Refund from Export Registered Deliveries

 

2 Exemption for Vehicles, Petroleum Exploration and Investments with Incentive Certificates (VAT Law, Art.13)
3 Transportation Exemption (VAT Law, Art.14)
a) Transit and transportation between Turkey and foreign countries, (14/1)
b) Diesel deliveries to be made to vehicles carrying export goods at their departure abroad, (14/3)

4 Deliveries and Services Subject to Reduced Tax Rate (VAT Law, Art.29/2)
5 Transactions Arising from Withholding Tax (VAT Law, Art. 9)
6 Diplomatic Exemptions (VAT Law, Art. 15)
a) Deliveries and services to diplomatic representations, consulates and members of diplomatic rights of foreign states in Turkey, (15/1)
b) Deliveries and services made to international organizations and their members who are granted tax exemption in accordance with international agreements, (15/1-b)VAT Refund

 

Our services and the process generally proceed as follows;

Conducting a preliminary analysis of your VAT refund receivable
Determining the accuracy of the transactions that constitute the basis for VAT refund and their compliance with VAT Legislation
Determination of the refund amount, submission of proposals on pricing, duration and working conditions
Preparing and uploading the lists based on the return (VAT list to be deducted, VAT loaded list, list of sales invoices, customs declaration list, calculation table) in a format suitable for the tax office electronic system
Carrying out counter-examination studies on sub-companies from which goods and services are purchased within the scope of the VAT Return report
Preparation of VAT Return reports required for return transactions
Making the necessary correspondence and explanations with the tax office regarding the deficiencies identified in the VAT refund report prepared, and finalizing the process smoothly

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