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What is VAT Revolving Facility in Project Financing?

Project Finance Accounting Financial Reporting Feasibility Studies Finance
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Question added by Shazia Anees , Assistant Manager Finance , Arham Trading Company
Date Posted: 2015/04/27
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Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

The VAT facility is used to finance the VAT deficit incurred during the construction period of the project. Interest and financial costs on the VAT facility are capitalized during the construction period.

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