In our experience we have determined that time constraints, regular VAT law amendments and in some instances, financial restrictions, prevent companies from thoroughly assessing their VAT affairs. Finance departments often assume that all of the necessary systems are in place to ensure that full recovery is made, however, Elite Recoveries has not come across one company that claims all their VAT correctly. It will also allow you to assess your internal controls and ensure they are implemented and running as they should be. In many cases, errors are difficult to identify and as a result companies overpay VAT by not claiming all the VAT legally due to them. At Elite Recoveries, our fee only becomes payable once your organisation is in a position to realise the saving. In practice, our fee would generally occur either at the time that you have received your refund from SARS, or if your usual VAT payment to SARS has been reduced as a result of our saving.
The Capital City Business Chamber (CCBC) is an innovative organization working for the success of the Business Community in the Capital City (Pretoria/Tshwane) of South Africa
Capital City Business Chamber
41 Kitshoff Street,
Rosslyn Pretoria, Gauteng 0182
Tel: 012 542 1308
E Email: info@ccbc.co.za