VAT Refund on Production Inputs:
This refers to the ability of manufacturers and exporting companies to reclaim VAT previously paid on production inputs, whether purchased locally or imported and used in the manufacturing of products exported abroad, by the regulations governing the refund process.
At SMA EGYPT, we offer specialized and attentive VAT refund services for your factory or company. We handle the recovery of the accumulated VAT credit from the tax authorities, resulting from export sales exceeding local sales, according to actual export figures. Our experienced and skilled team, comprising top tax experts, conducts a thorough analysis of the inputs and outputs of your production process to ensure accurate calculation of the VAT refund amount. We verify compliance with your company’s tax, financial, and inventory records, and then present a detailed, document-supported analysis to the relevant tax authority for review and assessment, adhering to the regulations and guidelines for refunds.
We prioritize precision in calculations and compliance with regulations in our services. Rely on our expertise to maximize the benefits of VAT refunds and enhance your factory’s profitability and competitiveness.
VAT Refund on Capital Goods:
This refers to the ability of manufacturing and exporting companies to reclaim VAT previously paid on capital goods (production lines) that are imported and used in the manufacturing of products exported abroad, by the regulations governing the refund process.
At SMA EGYPT , we provide VAT refund services for capital goods (production lines) imported and used in the manufacturing of exported products. Our expert team, consisting of skilled professionals and top tax specialists, ensures accurate and efficient handling of the VAT refund process according to actual export figures.
VAT Refund Services Include:
- Conducting a comprehensive field study of the industrial process stages, including all products and both locally
purchased and imported production inputs. - Obtaining letters from the Industrial Control Authority related to the industrial process.
- Handling all customs and tax procedures related to the refund process.
- Preparing precise analyses that comply with the company’s records and the regulations governing the refund process.
- Continuous monitoring of inventory balances for production inputs.
- Completing settlement procedures with the relevant tax authority until the refund is transferred to the bank account.
- providing regular reports and analyses