Well it is that time of year again, tax season. It is time to get all of our affairs in order and submit for refunds. By now, you should have…
Tourists must take note of the following rules and regulations before they attempt to file a VAT refund from SARS: Only the original tax invoices will be considered for VAT…
Step 1 Documentation Simply identify yourself as a foreign tourist to the shop assistant, and request a Tax invoice for the goods you have purchased. A Tax invoice must contain…
What is a VAT refund on exported goods? It is VAT which can be claimed by the qualifying purchasers on movable goods purchases in and then exported from South Africa.…
An admin penalty on tax returns is incurred when you do not meet various requirements. The admin penalty is currently only collected for the late submissions of tax returns or…
What are the benefits of eFiling? An eFiling Tax return can be done simply on-line. It is actually very convenient for small and large businesses alike. Can you use eFiling…
How do VAT tax refunds work? A vendor is required to calculate their VAT liability, in relation to its allocated tax period. This is done by by off-setting input tax…