serhan's avatar
serhan

Sept. 24, 2022

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Tax Refund

BB is refunded 10% of VAT, which is charged 18% as standart rate. It is challenging to get refunded over 10% because Tax Authority requests many type of paper work from the refunded company. The more paper work we submit to the Tax Authority, the more time it takes to be reviewed by the authority.
8% VAT remains at VAT Credit Account and it will lose its value as the inflation is rising. That means 40% of total VAT Credit (almost 4 Million TL) is hold by the Tax Authority.

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Tax Refund


BB is refunded 10% of VAT, which is charged 18% as standart rate.


BB is refunded 10% of the VAT, which is charged at 18% as standartd rate. BB is refunded 10% of the VAT, which is charged at 18% as standard rate.

"which is charge at a standard rate of 18%" might be better

It is challenging to get refunded over 10% because Tax Authority requests many type of paper work from the refunded company.


It is a challenginge to get refunded overmore than 10% because Tthe tax Aauthority requests many different types of paper work from the refunded companycompany requesting the refund. It is a challenge to get refunded more than 10% because the tax authority requests many different types of paperwork from the company requesting the refund.

The more paper work we submit to the Tax Authority, the more time it takes to be reviewed by the authority.


The more paper work we submit to the Ttax Aauthority, the more time it takes to be reviewed by the authoritym. The more paperwork we submit to the tax authority, the more time it takes to be reviewed by them.

8% VAT remains at VAT Credit Account and it will lose its value as the inflation is rising.


8% VAT remains aton the VAT Credit Account and it will lose its value as the inflation is rising. 8% VAT remains on the VAT Credit Account and it will lose its value as inflation is rising.

That means 40% of total VAT Credit (almost 4 Million TL) is hold by the Tax Authority.


That means 40% of the total VAT Credit (almost 4 Million TL) is hoeld by the Ttax Aauthority. That means 40% of the total VAT Credit (almost 4 Million TL) is held by the tax authority.

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