VAT Deferment Audit

A customs and tax procedure that postpones the payment of import VAT (value-added tax on imported goods) to a later date, typically through a defermen...

A VAT deferment account is an account held with the customs authority that allows a business to defer payment of import VAT until the monthly VAT retu...

A formal document, issued by a tax authority or customs administration, noting that the payment of value-added tax (VAT) for certain goods or transact...

A government program that allows businesses to delay paying VAT on taxable imports or certain transactions until a later accounting period, typically ...

The repeated execution of an audit to verify that corrective actions have been implemented and that the issues identified in the original audit have b...

A VAT Deferment Approval is the authorization by tax authorities to participate in a VAT deferment scheme, allowing the payment of value-added tax on ...