Tax services
A company carrying a VAT credit balance has money held by the tax authority that it only recovers when the refund request arrives well supported and consistent with its accounting and filings. Before releasing anything, the SAT reviews the origin of the operations, the tax requirements they must meet, and whether what was reported matches what was filed. BG Consulting reviews how the credit balance was determined, organizes the support behind the operations, and files the refund request under Financial Information Standards and current tax requirements, following up until the authority responds.
Where does your VAT refund process start?
Four questions to point you toward the right step.
What is your situation with VAT today?
Situations we handle
Accumulated credit balance not recovered
The company carries a VAT credit balance month after month because its creditable VAT exceeds the VAT it charges, common in exporters, 0% rate activities, and investment-heavy projects. That balance is working capital tied up until the refund is requested and obtained.
Refunds rejected or stalled by information requests
A request filed without sufficient support leads to information requirements, partial refunds, or denial. Each requirement handled poorly stretches the process and leaves the company responding to the authority without a solid determination behind it.
Mismatches between what was reported and what was filed
Differences between the Informative Statement of Third-Party Operations (DIOT) and the monthly statement filed with the SAT are a frequent source of observations. When the creditable amount does not match what was reported for its suppliers, the authority questions the credit.
Credits without documentary or accounting support
Creditable VAT requires invoices that meet tax requirements and operations actually recorded in the period. Defective invoices, operations not booked per accounting standards, or payments not substantiated put at risk the portion of the balance they originate.
Scope of the service
Review of operations against accounting records
We match the period's operations against accounting records to verify every item supporting creditable VAT is booked.
Verification of tax requirements for the credit
We verify operations meet current tax requirements for VAT to be creditable: valid invoices, carried out and paid.
Review of the credit balance determination
We validate the calculation of VAT charged, creditable VAT, and the mechanics that yield the balance requested.
Reconciliation of the DIOT with the monthly statement
We compare the DIOT against the monthly SAT statement to find and resolve differences before filing.
Filing the refund request
We assemble and file the refund request with the determination and operational support organized as required.
Follow-up until the authority responds
We follow the process and address authority requirements until the response is issued.
Benefits
Fiscal services for customs operationsFrequently asked questions
We check that the period's operations match the accounting records and accounting standards, that they meet the current tax requirements to be creditable, and we validate how the credit balance was determined. We also reconcile the Informative Statement of Third-Party Operations against the monthly statement filed with the SAT. That cross-check organizes the support before the authority asks for it.
From operations review to the SAT resolution.
Every VAT refund request moves through the same stages. BG Consulting organizes the support from the start and follows up until the authority responds.
Operations and records review
We match the period's operations against the accounting records and applicable accounting standards. The foundation the authority expects to find is that every item supporting creditable VAT is booked and meets current tax requirements.
Close to your operation, at every crossing.
Customs, compliance, legal and tax in one firm, by your side between Tijuana and San Diego. Tell us where you are and we'll see how to help.