Vat refunds by electronic transfer
Newsletter 28
10 September 2018
VAT REFUNDS
VAT refunds by electronic transfer
The Tax Department announced that as of 1 August 2018, VAT refunds to taxpayers are made by wire transfer. The issue of bank cheques has been terminated.
Therefore, taxpayers who:
- have already applied for a VAT refund and their claim has not yet been examined or
- have the intention to submit an application for VAT refund in the future
have to complete and submit Form T.D. 1900, providing details of their bank account, at the Local District Offices of the Tax Department or by post to the Tax Department.
It is noted that those who have already submitted Form T.D. 1900 do not have to submit it again. For any changes to bank account details, taxpayers must notify the Tax Departmet by submitting an updated Form T.D. 1900.
We remain available for any clarification or any assistance should be needed.
