Article 52 of the VAT Law foresees a VAT refund deadline of 15 days for taxpayers who mainly sell goods abroad, significantly shorter than the 45-day deadline that applies to all other VAT taxpayers. The specified deadline applies in cases where the predominant exporters subsequently request a refund of the unused amount of the VAT credit.
The criteria
The Regulation on the criteria based on which it is determined what, in terms of the VAT Law, is considered the predominant turnover of goods abroad defines the requirements that VAT payers must fulfil to acquire the status of predominant exporter of goods.
The predominant turnover of goods abroad is considered to be the export of goods by VAT payers whose value to the value of the total turnover of goods and services is greater than 50%, i.e. at least 10,000,000 euros, stated in the financial report for the previous calendar year drawn up by the accounting regulation.
To acquire the status of the predominant exporter of goods, the VAT payer must submit the PIP PDV and PIP PDV 1 forms prescribed by the Regulation.
The PIP PDV form can be submitted by the March VAT return, bearing in mind that the deadline for submitting financial statements is March 31.
