VAT Refund Services

The COVID-19 pandemic has reshaped the economic landscape of every nation. Businesses can be better prepared for the fallout, with expert inputs and innovation, especially when taking into consideration Value Added Tax (VAT) refunds. Recovering VAT is a crucial part of an effective indirect tax strategy. Problems with the VAT Refund process can have an adverse effect on the financial management of a business. VAT recovery can sometimes be difficult, with long delays being common even in cases where refunds apply. It is important for taxpayers to know not only in which cases they have the right to apply for a tax refund, but also how to obtain the requisite tax refunds within the shortest time frame.

It is crucial that the tax refund file to be submitted to the tax office, is prepared thoroughly and all other VAT Refund procedures have been conducted correctly in order for the claimed amount to be received within the shortest time frame and without any complications.

Barriers to recovering VAT include a lack of understanding of the detailed indirect tax rules, difficult administrative procedures and insufficient or

incorrect documentation, as well as missed deadlines when it comes to sending across a response to the Federal Tax Authority.
Unclaimed tax credits and missed or delayed refunds commonly cause negative cash flows and a ‘tax leakage’ that increases business costs and reduces profitability.

MBG Corporate Services – a Registered Tax Agency with the Federal Tax Authority, comprises a team of professionals dedicated to client satisfaction and performance. We share our deep knowledge and experience in tax refund procedures, involving highly complicated, exhausting and detailed bureaucratic processes. Using our extensive network of tax agents and VAT professionals, we assist your business to develop or improve related business processes to reduce the time and administrative costs associated with making claims and thereby increase your chances of success.