Reimbursement of VAT credits
1.The recovery of a VAT credit can be monthly, quarterly or annual regardless of the tax system.
- All taxpayers must upload their refund request regardless of the amount of their turnover. Form 3519 normally accompanies the VAT return. However, it may be submitted later, at the latest on 31 December of the second year following that in which the right to reimbursement arose. A statement of invoices must be provided if this is a first request made by a new company or at the request of the administration.
- Any debtor who requests the repayment of credit may be required by the administration to present a solvent guarantor who undertakes, jointly and severally with him, to repay the sums from which he has improperly obtained the repayment. However, the administration only requires the production of a bond in exceptional cases.
- On the express option, a company may request that the receivable from the Treasury corresponding to the VAT credit be used to pay future tax instalments relating to professional taxes (advance payment of corporate income tax, IFA, payroll tax, etc.).
2.Special procedure 8th Directive: