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VAT REFUNDS AND THE SARS 31 MARCH 2012 YEAR-END
 

Introduction

Finvision has achieved outstanding results in the application of our VAT saving solutions. In the past 8 years we have saved our clients well in excess of R350 Million.

 

Vat Rates

Albania 20%
Algeria 17%
Antigua and Barbuda 15%
Argentina 21%
Armenia 20%
Australia 10%
Austria 20%
Bangladesh 15%
Belarus 20%
Belgium 21%
Belize 10%
Benin 18%
Bolivia 13%
Botswana 12%
Brazil 17%
Bulgaria 20%
Burkina Faso 18%
Cambodia 10%
Canada 5%
Cape Verde 15%
Central African Republic 19%
Chad 18%
Chile 19%
China 17%
Colombia 16%
Congo, Republic of the 18.9%
Costa Rica 13%
Croatia 23%
Cyprus 15%
Czech Republic 20%
Denmark 25%
Dominica 15%
Dominican Republic 16%
Ecuador 12%
El Salvador 13%
Estonia 20%
Ethiopia 15%
Fiji 15%
Finland 15%
France 19.6%
Gabon 18%
Georgia 18%
Germany 19%
Greece 23%
Grenada 10%
Guatemala 12%
Guinea 18%
Guinea-Bissau 15%
Guyana 16%
Hungary 25%
Iceland 25.50%
India 25.50%
Indonesia 10%
Ireland 21%
Isle of Man 20%
Israel 16%
Italy 20%
Ivory Coast 18%
Jamaica 17.50%
Japan 5%
Jersey 5%
Kenya 16%
Korea (South Korea) 10%
Kyrgyzstan 12%
Laos 10%
Latvia 22%
Lebanon 10%
Lesotho 14%
Liechtenstein 8%
Lithuania 21%
Luxembourg 15%
Macedonia 18%
Madagascar 20%
Madeira and Azores 16%
Malawi 16.5%
Mali 18%
Malta 18%
Mauritania 18%
Mauritius 15%
Mexico 16%
Moldova 20%
Monaco 19.6%
Mongolia 10%
Montenegro 17%
Morocco 20%
Mozambique 17%
Namibia 15%
Nepal 13%
Netherlands 19%
New Zealand 12.50%
Nicaragua 15%
Niger 19%
Nigeria 5%
Norway 25%
Pakistan 16%
Panama 7%
Papua New Guinea 10%
Paraguay 10%
Peru 18%
Philippines 12%
Poland 23%
Portugal 23%
Romania 24%
Russia 18%
Rwanda 18%
Senegal 18%
Serbia 18%
Seychelles 12-15%
Singapore 7%
Slovak Republic 20%
South Africa 14%
Spain 12-15%
Sri Lanka 12%
Sudan 12%
Suriname 8-10%
Sweden 25%
Switzerland 8%
Taiwan 5%
Tajikistan 20%
Tanzania 18%
Thailand 10%
Togo 18%
Trinidad and Tobago 15%
Tunisia 18%
Turkey 18%
Turkmenistan 15%
Uganda 18%
Ukraine 20%
United Kingdom 20%
Uruguay 22%
Uzbekistan 20%
Vanuatu 12.5%
Venezuela 12%
Vietnam 10%
Zambia 16%
Zimbabwe 15%
 

Competitive Edge

We attribute our competitive edge to the following

• a specialist is involved in every stage of the Review. We do not make use of trainee accountants;
• the exceptional skills base of the Team, which enhances the dynamics of every VAT Review;
• our unique approach to the analysis of data, which combines sophisticated software with proprietary methodology;
• only charging for our services once VAT recoveries or savings are realized, in other words our fees are paid from savings achieved. In the event that no savings are found... Read more

Service Offering

Our specialist service offering can be broadly categorised as follows:

The Savings Review comprises a line-by-line interrogation and analysis of unlimited historical financial data, for a preceding period of up to 5 years as permitted by VAT legislation. The use of intelligent Computer Assisted Audit Techniques, combined with our unique approach, ensure the identification of every possible VAT Saving.

The Technical Review is designed to ensure that the Client maximises every benefit...