One of the Corona pandemic related regulations is a new bill which, if approved, would extend the VAT refund period from 30 to 45 days. This shall be introduced by an amendment of the Tax Administration Code. The current VAT refund period of 30 days will thus be kept until 31st December 2020, regardless of when this amendment of the Tax Administration Code becomes effective. Simultaneously, the instrument of VAT refund advance payment is temporarily postponed as this can only be applied in the extended 45 days.
