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Frequently Asked Questions on VAT

Last updated on 06 April, 2018


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What happens to VAT refunds?

It’s a standard practice to carry forward the refund amount to the taxpayer’s VAT account. These are called tax credits.

Tax credits can be applied to the next VAT return or used at any other time you have a tax liability. However, the taxable person can request to have the refund returned to them instead.

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