Local Indirect Tax Opportunity Reviews, globally.
VATITlocal is a success fee-based service offering, meaning if we do not save our clients money, we do not charge a fee. We investigate various areas of opportunity in Indirect Tax, including Custom & Excise, to identify savings for our clients. Our service lines include Indirect Opportunity Reviews, the VAT Refund Applications, and other savings product services.
Indirect Opportunity Review
The primary objective of the IOR is to identify whether there are any opportunities to reduce the VAT liabilities of your organization and optimize the efficiency with which VAT is dealt with in your financial accounting system. This could take the form of increasing input tax deductions, decreasing output tax payments and obtaining refunds of interest and penalties previously paid.
The IOR forms part of our core service offering and includes a VAT Opportunity Review and A Customs & Excise Opportunity Review.
VAT Refund Application
We assist Foreign Enterprises to recover South African VAT levied on the supply of goods which are exported by the Foreign Enterprise.
South African VAT Refund Applications are generally paid out to clients within 8 to 12 weeks from submission, subject to all documentary requirements being met.
Our specialists can claim back on penalties and interest charged by SARS, including interest on delayed refunds. Our specialists can realize substantial returns for our clients timeously and efficiently.
Contact us today for a free assessment to identify possible savings areas.
If we do not save your organization money, we do not charge you.
Give us a call today and we will do a free assessment of your business needs to identify potential areas of savings. After the free assessment, we will compile a custom package suited to YOUR needs, including a cost breakdown. Remember, if we do not save you money, we do not charge you a cent.
So what are you waiting for?
If you want to find out more about how our IOR product can benefit you, contact us and we will provide you with a free assessment.
If you want to find out more about how a VRA can assist your business, contact us today for a free assessment of your business needs.