Sept. 12, 2022
VAT Refund
Scenario 1
When A&A exports, it can be refunded 10% of VAT which company pays. Most of time, purchasing and selling are made with 18% VAT, but the refunded figure are determined 10%. Remaning 8% stays at VAT Credit Account. Therefore, the VAT Credit Account, which includes the refundable figures, is rising day-by-day. On the other hand, VAT Credit is not indexed to USD/EUR, which is why it loses its value in high inflation environment in Turkey
Scenario 2
A&A, as manufacturer, make an export registered sale to an exporter company located in Turkey. A&A is eligible for being refunded entire 18% VAT when exporter company completes custom declarations related the export. On the one hand, A&A can take more VAT Credit back and on the other hand it can protect value of VAT Credit aganist the inflation.
VAT Refund
Scenario 1
When A&A exports, it can be refunded 10% of VAT which the company pays.
Most of time, purchasinges and sellingales are made with 18% VAT, but the10% is refunded figure are determined 10%.
RThe remaining 8% stays at VAT Credit Account.
Therefore, the VAT Credit Account, which includes the refundable figureamounts, ris risinges day-by-day.
On the other hand, VAT Credit is not indexed to USD/EUR, which is why it loses its value in Turkey's high inflation environment in Turkey.
Scenario 2
A&A, as manufacturer, makes an export registered sale to an exporter company located in Turkey.
A&A is eligible for beingto be refunded the entire 18% VAT when an exporter company completes customs declarations related to the export.
On the one hand, A&A can take back more VAT Credit back, and on the other hand it can protect the value of VAT Credit aganist theinst inflation.
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VAT Refund This sentence has been marked as perfect! |
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Scenario 1 This sentence has been marked as perfect! |
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When A&A exports, it can be refunded 10% of VAT which company pays. When A&A exports, it can be refunded 10% of VAT which the company pays. |
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Most of time, purchasing and selling are made with 18% VAT, but the refunded figure are determined 10%. Most of time, purchas |
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Remaning 8% stays at VAT Credit Account.
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Therefore, the VAT Credit Account, which includes the refundable figures, is rising day-by-day. Therefore, the VAT Credit Account, which includes the refundable |
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On the other hand, VAT Credit is not indexed to USD/EUR, which is why it loses its value in high inflation environment in Turkey On the other hand, VAT Credit is not indexed to USD/EUR, which is why it loses its value in Turkey's high inflation environment |
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Scenario 2 This sentence has been marked as perfect! |
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A&A, as manufacturer, make an export registered sale to an exporter company located in Turkey. A&A, as manufacturer, makes an export registered sale |
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A&A is eligible for being refunded entire 18% VAT when exporter company completes custom declarations related the export. A&A is eligible |
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On the one hand, A&A can take more VAT Credit back and on the other hand it can protect value of VAT Credit aganist the inflation. On the one hand, A&A can take back more VAT Credit |
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