The deadline for submitting foreign VAT reclaim requests is approaching
Domestic taxpayers entitled to deduct VAT have an opportunity until 30 September 2019 to claim VAT refunds on the basis of invoices in 2018 for purchases made in other member states of the European Union. After this peremptory deadline, the right to the refund is forfeited!
It often happens that a company uses a service or purchases goods in a member state where it is not otherwise engaged in any taxable economic activity. It is good to know that in such cases, taxpayers have the right to get the VAT paid abroad refunded, provided that the goods or services purchased abroad serve the purpose of their activity that they are engaged in their country of establishment and entitling them to VAT deduction. In addition to EU member states, it is also possible to submit VAT reclaim in connection with transactions in certain third countries, on the basis of the principle of reciprocity (such third countries include Switzerland, Lichtenstein, Norway and, subject to certain conditions, also the Republic of Serbia).
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