VAT Refunds

Section 35 (1) of the Value Added Tax Act states that:

Where

  1. the total amount of the input tax creditable by a taxable person under section 24 for a period exceeds the person's output tax for that period; or
  2. the amount of tax paid by a person, other than in circumstances specified under paragraph (a), was in excess of the amount properly charged to tax under this Act, the amount of the excess shall be treated in the manner provided in this section.

For more information.