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If you want to get your SARS Vat refunds back quickly and easily, don't forget to do these four things

by , 14 October 2014
When your input tax exceeds your output tax, it means for a change, that SARS has to pay you.

Since this amount can help you ease your company's financial burden, there's no question that you want to get it soon rather than later.

Luckily, there's a way to do just that.

Here are four things you must do to get your Vat refunds quickly and easily from SARS.


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Do your Vat refund in ten simple steps

Calculate your Vat, submit your Vat return form and get your refund back from SARS without any delays when you follow this ten-step action plan.

Get your hands on this ten step action plan now to get your Vat refund when its due.

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Doing these four things will help you get your Vat refunds back in no time
 

1. Use eFiling so SARS can capture your Vat return immediately.

Remember, SARS takes up to 14 days to capture manual returns. This will delay your Vat refund. But if you do everything electronically, it's not just more convenient for you; SARS will refund you faster as well.

2. Avoid mistakes on your Vat return.

If you make errors, SARS will delay your Vat refund and you'll face never ending headaches trying to rectify them. This will also mean the 21 days in which SARS has to make a refund won't start running until the issue's resolved and it won't pay you any interest on this extra time.

3. Make sure you don't have outstanding Vat returns. If you do, SARS won't pay you a Vat refund.

4. Make sure SARS has your correct banking details. If it doesn't, your refund will bounce and sit with SARS until you provide proof of your correct banking details. What's worse is this amendment can take up to a year for SARS to correct!

Doing these four things will help you get your Vat refunds quickly and easily from SARS so you can ease your company's financial burden.

PS: We strongly recommend you check out The Vat Refund Accelerator for more tips on how you can get your Vat refund from SARS within 21 days every time.

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