Taxpayers registered for VAT can carry forward excess VAT credit, i.e. excess of input VAT over output VAT, to following tax periods or can claim VAT refund, subject to certain conditions. A non-resident not registered for VAT cannot claim refund of excess VAT credit.
Tax Research & Compliance
The world’s most complete array of cross-border tax analysis and data
The world’s most complete array of cross-border tax analysis and data