CLAIMS FOR VAT REFUND OF OVER 5 MILLION € DURING JUNE

Published date: 26.07.2010 16:55 | Author: tax administration

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During JUNE 2010 76 claims for VAT refund and redirection of funds from tax credit for paying tax liabilities were submitted to the Tax Administration.

The Tax Administration, with the aim of determining well foundedness of the refund claims, accomplished necessary inspections and audits, followed by relevant resolutions.

The total amount of the shown VAT credit on submitted refund claims is 5.283.415,69€, 3.006.220,35€ out of what for refund to tax payers, while 2.277.195,34€ for redirection for payment of other tax liabilities.

During the above mentioned period 98 VAT refund claims were settled, including refund claims having been submitted in the previous period and due to be paid in this month.

The total amount of refund on the settled claims was 8.662.092,39€, 3.155.181,24€ for VAT refund and 5.506.911,15€ for redirection for payment of other tax liabilities.

During the reporting month refunds of funds from VAT credit were paid to tax payers in the amount of 6.427.381,91€, 1.141.274,72€ of what was for redirection of funds for payment of other tax liabilities.

In the period from April 2003, when VAT was introduced, up to JUNE 2010, the Tax Administration received 7.977 claims for VAT refund, 7. 928 out of which were settled. VAT Refund and redirection of funds in the amount of 507.266.829,99€ were endorsed, 358.472.181,00€ for VAT credit refund and 148.794.648,99€ for redirection for payment of other tax liabilities.

Audits should be carried out upon 49 requests more, after what the procedures will be settled by issuing relevant resolutions on adoption, dismissal or partial adoption of the requests.


TAX ADMINISTRATION PRESS RELEASE
(26.07.2010. godine)