Procedure for settling returns with negative amounts of value added tax with reimbursement
option submitted by taxable persons registered for VAT purposes was approved.
In order to solve returns with negative amounts of VAT with reimbursement option,
specialized department constitutes, respectively updates both the Special Database on the risk
of undue refund of VAT, and Special Database on taxable persons registered for VAT
purposes for which voluntary liquidation procedure has been initiated or insolvency
procedure has been opened.
Special database on risk of improper VAT refund is a list of taxable persons, about whom tax
authorities have information that they may present a tax risk of improper refund.
Following the registration in special database, specialized department draws up a note
establishing the classification of taxable person in category of taxable persons who are at risk
of undue refund of VAT and proposes the cancellation of procedural documents prepared as a
result of initial classification of settlements in category of those for whom no early fiscal
inspection is performed.
Taxable persons who submit the returns after expiration of legal term of deposit will take
over the negative amount in statement of following fiscal period.
