El Salvador: Tax Refunds to ExportersIt has been announced that as of November 17th enterprises must carry out a mandatory exporter VAT self-assessment using a web platform.Friday, November 6, 2015
The union of exporters is not entirely satisfied with this online system, stating that it has some limitations, such as only allowing "... cross matching withholding of exporter VAT with importer VAT to recover the money. That is to say, if the Treasury has withheld $500 from a company for its exports, but the company owes $500 in VAT on imports, the balance is zero. " Source: elsalvador.com ¿Busca soluciones de inteligencia comercial para su empresa?More Problems with VAT RefundsJanuary 2016 Salvadoran exporters claim that the system used by the Ministry of Finance from November to return VAT has put a strain on companies liquidity. Nine Months to Refund VAT to ExportersMarch 2015 In El Salvador the export sector claims that delays of up to nine months are being reported on tax refunds due from the Treasury, which should take no more than 30 days. SAT's Multi Million Dollar Debt to Guatemalan ExportersOctober 2013 The Tax Authority (SAT) owes to domestic exporters about $313 million in tax credit refunds. Self Assesment for VAT in El SalvadorMarch 2013 A proposal has been made for a self-assessment system which aims for the government to quickly provide refunds of the 13% VAT to exporters.
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