- VAT refund operations are part of investment incentives
- Foreign tourists can claim back VAT paid upon departure
- VAT refund cases include various scenarios such as exported goods, collected by mistake, credit balance exceeding six tax periods, etc.
- Necessary procedures for VAT refund include submitting required documents, fulfilling input requirements, providing export certificates, etc.
- Restrictions after completing refund operations include repaying refunded tax if certain conditions are not met
- VAT refund operations aim to improve business environment, encourage investments, increase competitiveness, and support tourism sector
Source: eg.andersen.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
