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Foreigners
visiting South Africa can claim back their VAT on items purchased in
South Africa that are going back home with them. So dont forget to
get a refund:
VAT
(Value-Added-Tax) of 14% is levied on nearly all goods and services
in South Africa. Foreign tourists may claim back VAT paid on items,
with a total value exceeding R250.00, that will be taken out of
South Africa with them. Original tax invoices, foreign passport,
plus all the items on which a refund is claimed, must be presented
at the VAT refund administration office on departure, and the total
VAT on these items will be refunded.
VAT can
be claimed back at airports and/or harbours of departure, and
customs offices. Visitors will be requested to fill out a VAT Refund
Control Sheet (VAT 255).
If a
visitor does not export all the goods specified on a particular tax
invoice, only the value of the goods and the tax paid on such goods
exported must be declared on the (VAT255) form.
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The
Johannesburg Stock Exchange
Standard
Bank of South Africa Limited
First
National Bank
Investec
is an independent, international specialist banking group
Nedbank
NBS
Bank Limited
Mercantile
Bank offers a full range of comprehensive banking services
WesBank,
the "The Wheels Bank" is leading vehicle financer in
SA
Deutsche
Morgen Grenfell is an integrated investment bank.