Series: IMF Working Papers
Author(s): Graham Harrison , and Russell Krelove
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2005
Keywords: VAT, VAT refund, Refund claim, VAT audit, tax administration, tax administrations, tax authorities, tax authority, Business Taxes and Subsidies including sales and value-added (VAT),
A key feature of the invoice-credit form of value-added tax (VAT) is that some businesses- notably exporters-will pay more tax on their purchases than is due on their sales, and so can seek refunds of excess credit...