Post by joita97330 on Feb 11, 2024 5:57:36 GMT -5
The Ministry of Finances position is that reforms aimed at speeding up the refund of part of the tax are not possible due to the Goods and Services Tax regime. It should be noted that accelerated tax refunds depend on whether the invoice showing the input tax amount has been paid. However due to the Goods and Services Tax regime it is impossible to determine which part of the refund comes from paid invoices and which part from unpaid invoices. It should be noted that according to the basic principles of valueadded tax input tax.
Will generally reduce output tax and only the excess of input tax over output tax will be Belarus Email List refunded to the taxpayer or transferred to the next settlement period. It is impossible to determine which invoices show input tax that reduces the tax payable which invoices show tax refunded to the taxpayer and which invoices show retained input tax that is carried forward to the next settlement period. Therefore the reduction of the tax refund period to days depends on whether from the invoice on the amount paid or is settled as tax payable at the time of declaration or paid at customs in the case of imported goods.
Commodity In addition each acceleration of the tax refund period is associated with a certain change in state budget revenues and a negative impact on the state budget in the year of introduction. Therefore possible changes to the shortening of the tax refund period must be particularly analyzed to understand the rationale for its introduction and the impact on the budget. Previous article delivery of goods Next article Financial liability for serious violations by public officials.
Will generally reduce output tax and only the excess of input tax over output tax will be Belarus Email List refunded to the taxpayer or transferred to the next settlement period. It is impossible to determine which invoices show input tax that reduces the tax payable which invoices show tax refunded to the taxpayer and which invoices show retained input tax that is carried forward to the next settlement period. Therefore the reduction of the tax refund period to days depends on whether from the invoice on the amount paid or is settled as tax payable at the time of declaration or paid at customs in the case of imported goods.
Commodity In addition each acceleration of the tax refund period is associated with a certain change in state budget revenues and a negative impact on the state budget in the year of introduction. Therefore possible changes to the shortening of the tax refund period must be particularly analyzed to understand the rationale for its introduction and the impact on the budget. Previous article delivery of goods Next article Financial liability for serious violations by public officials.
