Exports, deliveries for export, reduced-rate supplies and transactions subject to withholding are the main grounds for refunds. Refund claims may be concluded with a tax inspection report, a sworn financial adviser's VAT refund certification report or a guarantee.
In refund processes, orderly documentation and the accuracy of input VAT lists directly affect how long the refund takes.
Source: VAT Law No. 3065 Art. 32
Related terms
Value added tax (VAT)An indirect tax levied on the value added at each stage of the supply of goods and services and passed on to the final consumer.Sworn financial adviser (YMM)A professional authorised to certify taxpayers' tax returns and certain transactions for compliance with legislation.Full tax certification (YMM)A sworn financial adviser examining the taxpayer's books, records and documents and certifying that the annual tax return complies with legislation.Advance taxTax paid in advance during the year by income and corporate taxpayers, in quarterly periods, on current-period earnings.Arm's length principleThe principle that transactions between related persons should be carried out at the prices and on the terms that would apply between independent parties with no such relationship.Capital gainGains of individuals from disposing of certain assets and rights that are subject to income tax.
Last updated: October 22, 2026 · This definition is for general information only.