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VAT Refund Solutions
Struggling with delays in receiving your VAT Refund from SARS? VAT Refund Solutions offers expert assistance to streamline the process and maximize your returns. Our team understands the complexities and challenges that businesses face when claiming VAT refunds, and we're here to simplify the process for you.
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Claim Your Entitled Interest
Did you know that you may be entitled to interest if SARS fails to finalize your VAT verification or audit within 21 business days? Even if you’ve already received your refund, you could still be eligible for additional compensation. Don’t miss out on what you’re owed – let us help you claim your interest.
Tax Services
VAT Refund Assistance
Our team of experienced professionals provides end-to-end assistance with claiming VAT refunds, including interest owed to you.
Regulatory Compliance
Compliance Guidance
Stay compliant with SARS regulations with our expert guidance. We ensure that your refund claims meet all necessary criteria.
Business Optimization
Efficient Process
Say goodbye to paperwork headaches and long wait times. We streamline the VAT refund process to ensure quick and efficient results for our clients.
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Get The Experts On It
How It Works
Start Here
Consultation
Get in touch with us to discuss your VAT refund needs and learn how we can assist you. Our team will assess your situation and determine the best approach for maximizing your VAT refund potential.
Second Step
Assessment and Strategy
Once we understand your needs, our team will devise a tailored strategy to optimize your VAT refund. We take into account factors such as your business activities, VAT compliance, and potential refund opportunities.
Final Phase
Submission and Monitoring
We handle all aspects of the refund submission process, ensuring accuracy and compliance every step of the way. After submission, we continuously monitor your refund status and proactively seek opportunities to optimize your returns, ensuring you receive the maximum refund possible.
FAQ's
Important Information
How long does it take to receive a VAT refund from SARS?
- Answer: SARS is required to finalise the verification or audit within 21 business days of receipt of the supporting documents. Following finalisation, payment of the refund is normally made within 7 -14 business days, depending on SARS’ processing times.
What documents are required to claim a VAT refund in South Africa?
- Answer: The VAT 201 for the relevant VAT period must be timeously submitted, following which SARS will issue either a verification letter or a letter confirming that an audit will be conducted. Both these letters will set out the supporting documents required by SARS, which must normally be submitted to SARS within 21 business days from date of the letter from SARS.
Can I claim VAT refunds for expenses incurred before registering for VAT?
- Answer: Yes, you can claim VAT refunds for expenses incurred before VAT registration, provided they were incurred within a prescribed period and meet certain criteria outlined by SARS.
What happens if my VAT refund claim is audited by SARS?
- Answer: If your VAT refund claim is audited, SARS may request additional documentation or information to verify the claim’s validity. It’s crucial to maintain accurate records and cooperate with SARS during the audit process.
Is there a minimum refund amount for VAT claims in South Africa?
- Answer: There is no minimum refund amount for VAT claims in South Africa. However, SARS may have internal thresholds for processing refunds efficiently. It’s advisable to ensure that your claims meet all criteria to expedite processing.