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There are several risks:
1) it may be a fake invoice
2) The invoice may be incorrectly recorded (immobilization at the place of charging and vice versa),
3) The invoice may not have been paid on time
4) There may be a dispute with the supplier which should be the subject of a provision.

 Permanent inventory is the count of the quantities available in stock immediately after each goods receipt and each goods issue. It is an inventory method particularly suitable for stocks whose quantities per reference are small and the stored units are easy to count. Software which offers the possibility of carrying out such entries gives rise to two entry operations on each occasion.

• During goods receipt: entry of the quantities entered and entry of the final stock.
• During a goods issue: entry of the quantities issued and entry of the remaining stock.

Lists grouping the deviations (positive deviations and negative deviations) are automatically generated. After verification, stocks are regularized.

Permanent inventory is a method of tracking stocks in which the products purchased or manufactured are entered in the stock account at the time of their acquisition or production. Their output for use in production or for sale constitutes expenses for the financial year and is therefore included in the income statement.

Regarding the method of intermittent inventory, it consists of updating stocks once a year, at the end of the accounting year.

Accounting for incoming and outgoing inventory flows using the perpetual inventory method is more appropriate as it allows a direct correspondence to be established between the costs of inventory sold and the related revenues. It also allows accounting monitoring of stocks and promotes rapid closure of periodic accounting situations.

The value added tax credit can be refunded upon request submitted to the competent tax control center supported by all necessary justification.

The value added tax credit is refundable:

•     Cleared by monthly tax return for credit from:

                – merchandise export operations,
               – services used or operated outside Tunisia,
               – sales suspended from value added tax.
               – withholding tax provided for by articles 19 and 19 bis of the VAT code

•      Cleared by monthly tax declarations for three consecutive months, for the tax credit coming from investments provided for by article 5 of the investment incentive code and upgrade investments made within the framework of a upgrade program approved by the upgrade program steering committee.
•     Cleared by monthly tax declarations for six consecutive months in other cases.

* Concerning the restitution terms, an advance of 15% of the total amount of the VAT credit is paid without prior verification. The advance rate is increased to 50% for companies whose accounts are legally subject to the audit of an auditor and for which the certification took place for the last closed financial year for which the deadline for the declaration of the corporate tax on its results is due on the date of submission of the request for restitution of the value added tax credit and without this certification including reservations having an impact on the tax base .

* The restitution of the value added tax credit resulting from the cessation of the activity is made after a thorough verification and without advance.