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Has the VAT refund time been reduced? The backlog results in 0 at the end of 6 months 2024

2024-07-19 10:15:30Biznes SHKRUAR NGA REDAKSIA VOX

Has the VAT refund time been reduced? The backlog results in 0 at the end of 6

The VAT refund is being carried out with accelerated deadlines by the tax administration. This has influenced the further reduction of the average VAT refund time for businesses, which in the 6th month of 2024 is reported to be an average of 35 days.

Also, the stock of arrears in terms of VAT reimbursement is 0 at the end of the 6th month of this year, as it was at the end of 2023.

The average processing time for VAT refund requests has been continuously improving, while in 2019 the refund time reached up to 160 days, resulting in a backlog of VAT refunds. of.

According to tax data, during the first 6 months of 2024, there were 1367 requests for VAT refunds, of which 816 requests were approved.

The Tax Administration has a dedicated electronic application system as of 2022 regarding VAT refunds and in all cases where businesses are not subject to in-depth controls, they benefit within reduced deadlines for VAT refunds.

According to the data, refunds for the 6-month period 2024 are 13.3 billion ALL, or 4.1 billion ALL more than the 6-month period 2023.


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