VAT refund
If a company is in a repayment position because input tax exceeds output tax, it may opt to submit monthly VAT returns which could improve cash flow.
E-filing
VAT return and ESL Statement can be submitted electronically through the TaxisNet system.
VAT returns - Periodicity
VAT returns usually cover three months. They are submitted depending on the category [economic activity group] to which each taxpayer belongs. There are three categories: Category A [taxpayers who submit tax returns for the following periods: 1/01-31/03, 1/04-30/06, 1/07-30/09 and 1/10-31/12 of each year], Category B (taxpayers who submit tax returns for the following periods: 1/02-30/04, 1/05-31/07, 1/08-31/10 and 1/11-31/01 of each year] and Category C [taxpayers who submit tax returns for the following periods: 1/03-31/05, 1/06-31/08,1/09-30/11 and 1/12-28/02 or 29/02 of each yea)].
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