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Do you export goods over inland border posts? Then follow this procedure to ensure you get your VAT refunds every time

by , 03 May 2016
Does your company work with exported goods? If so, then you need to ensure that you're up-to-date with the latest VAT refund procedure at inland border posts.

If you fail to comply with it, you'll not get a VAT refund on your moved goods! It's as simple as that!

So take a look here at the official VAT refund procedure for inland border posts and make sure you're completely in line with it, to ensure you get your VAT refunds every time...

VAT refund procedure
 
Firstly, you must declare your goods at the RSA Customs, as well as ensure that the goods from which you wish to claim a VAT refund are declared to the RSA Customs in line with the Customs legislation as well as all relevant procedures.

Secondly, you must declare the goods at the export country's Customs too.

IMPORTANT NOTE: The movable goods must also be declared to the Customs authority of the export country, in line with their own customs and excise formalities.
 
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And finally, you must apply for your VAT refund.

IMPORTANT NOTE: You, as a qualifying purchaser, may only apply for a VAT refund after you've declared all your goods to both Customs Authorities, and have exported them.

The documents you must attach to your application include: 

·         the original tax invoice, or invoices, for which the VAT refund is claimed;

·         proof that the goods were declared to the RSA Customs authority, as well as to the Customs authorities of the export country;

·         a copy of the qualifying purchaser's passport which shows entry and exit from South Africa; and

·         an address to which the VAT refund payment should be made, if the application is approved.
 

*That was the latest VAT refund procedure, for inland border posts, that you have to follow when you wish to claim a VAT refund on your exported goods.

Make sure you comply with it to ensure your refund is granted.

To learn more on dealing with VAT on exports, page over to Chapter E 02: Exports in your Practical VAT Loose Leaf Service, or click here to order your copy today. 

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