Further to the recent announcement allowing a refund of unutilized VAT credits, the State Administration of Taxation (SAT) issued another announcement on its detailed implementation (Announcement  No. 20).
A taxpayer should meet ALL of the following criteria to qualify for the refund:
The following circumstances will cause the refund procedure to be suspended by the tax authority:
The Global VAT Newsletter focuses on changes in compliance duties in various EU and non-EU countries
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