Businesses get 54 million euros back in 4 months - VAT refund, 80% of requests are approved without control
In the first 4 months of the year, businesses have been refunded 5.4 billion lek or 54 million euros of VAT paid, through the refund procedure. Compared to a year ago, the figure for the January-April period has decreased by about 39%, as in 2024 87 million euros were refunded in 4 months.
Divided by month, a progressive increase in refunds made by the General Directorate of Taxes is observed, and the highest figure is in April with approximately 18 million euros, while the time for completing this process is being reduced.
In total, 539 entities were reimbursed, 80% of requests were approved without control.
VAT refunds for businesses throughout 2024, through the digital platform, were made within an average of 31 days, reducing waiting times and facilitating taxpayers. By 2027, the average refund deadline is planned to reach 25 days.
Taxable persons, registered for VAT, who result in a credit balance of over 400,000 thousand lekë, have the right to submit a request for VAT refund to the VAT Refund Directorate at the General Directorate of Taxes. This request is submitted according to the approved form “Request for VAT Refund” (online as well as officially at the VAT Refund Directorate at the General Directorate of Taxes).
VAT refunds are made within 60 days from the date of submission of the request through the Treasury system. The refund request is subject to the normal refund procedure, subject to a refund risk analysis. They are automatically refunded within 30 days from the date of submission of the VAT refund request, as zero-risk persons. In case of non-reimbursement of the amount approved for refund, the taxable person has the right to non-payment of other tax obligations in the amount of VAT claimed for refund.
If a refund, which should have been made by the tax administration, is not made within the legal deadlines, the tax administration pays late payment interest on the overpaid amount.
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