TAX MATTERS: Recovery of denied VAT under Income Tax Act

https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-274515.mp3?cb=1732295249.mp3WHEN input VAT accumulates, one recourse allowed by law is a claim for a refund. But, oftentimes, these claims are partially or totally denied. There are various reasons the claims are denied, among them failure to file the claim within the 12 months prescription period, lack of valid tax invoice, failure to keep records etc.…