Sept. 24, 2022
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.
BB is refunded 10% of the VAT, which is charged at 18% as standartd rate.
"which is charge at a standard rate of 18%" might be better
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.
The more paper work we submit to the Ttax Aauthority, the more time it takes to be reviewed by the authoritym.
8% VAT remains aton the VAT Credit Account and it will lose its value as the inflation is rising.
That means 40% of the total VAT Credit (almost 4 Million TL) is hoeld by the Ttax Aauthority.
Feedback
Well written overall I could follow what your were saying.
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Tax Refund |
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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 standar "which is charge at a standard rate of 18%" might be better |
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It is challenging to get refunded over 10% because Tax Authority requests many type of paper work from the refunded company. It is a challeng |
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The more paper work we submit to the Tax Authority, the more time it takes to be reviewed by the authority. The more paper |
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8% VAT remains at VAT Credit Account and it will lose its value as the inflation is rising. 8% VAT remains |
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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 h |
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