VAT refund audit

VAT refund audit

The tax authority makes tax refunds to taxpayers for tax items to include, vat excess credits  arising from making zero rated supplies, tax paid in error and bad debts.  For application and processing, the tax payer has to satisfy the tax authority that he/she has met the criteria required to allow refund processing. Based on this, there is need for VAT audit to ease the process of refunds. At Kreston KM we assist in vat audit for refund purposes and follow up on the same.