We provide assistance in obtaining VAT refunds. This includes developing an approach on the timing of claiming refunds and undertaking other steps prescribed by the VAT refund procedure, assessing the quality of documentary support related to the refunded amount, and preparing for and assisting during tax audits. PwC also assists with the compliance terms for the formal VAT refund procedure, including submitting applications for VAT refunds and subsequent follow up.
VAT on cross-border services
Certain services provided to foreign clients are not applying 20 percent of VAT. In most cases are applying 0 rate of VAT.
We analyse the nature of the provided services in order to assess whether there is a basis to apply zero rate VAT. At the next stage, we assist in drawing up the documents between the parties which will enable the non-VATable treatment to be applied
Application of VAT exemptions
The law establishes a number of VAT exemptions (warranty repairs, banking services, , etc). We provide advice and other assistance related to the application of such exemptions, including an analysis of the applicable requirements, documentary support, etc.
Analysis of input VAT and cash flow costs
If a taxpayer is involved in activities that are not subject to VAT, generally input VAT on the respective costs should be expensed.
We provide recommendations on compliance with input VAT related regulations, analyse the impact of input VAT on the company’s costs, and, where appropriate, assist
in structuring VAT exempt activities in a cost efficient way.
Similarly, we analyse the cash flow implications of the VAT application on the company’s activities and provide recommendations on improvements.
Advice on excise tax
We provide advice on excise tax law. This is usually related to compliance with applicable law requirements, issues surrounding the classification of products, and administrative procedures related to the turnover of excisable goods.
Advice on non-Armenian VAT issues
With the involvement of PwC network member firms in other countries, we can assist Local companies that have activities outside Armenia to deal with non-Armenian VAT issues. These often relate to VAT refunds, registration, etc.