Starting next year, STI will pay interest in case of late payment of overpayments Business

"In order to ensure that procedures do not interfere with the management of their finances, VMI is always seeking mutually beneficial decisions on how to abandon excessive procedural requirements, which may The average processing time of VAT refund claims in 2018 is 7.67 working days, "said Violeta Vyšniauskienė, Deputy Director of the Taxation Department of the Inspectorate. State tax, 1965-19002. The provision on the payment of interest has been adopted after the Court of Justice of the European Union. The court ruled in a case of the Dutch company Nidera BV, which asks the country's tax administrator to pay about 1 million euros. the interest of the euro on value added tax (VAT) not refunded to the company.