Friday 9 March 2007

VAT Refunds

For non-residents, certain items are allowed as VAT free purchases and refund forms may be uplifted from the Cheddi Jagan International Airport, Timehri.

On Monday a special desk and booth will be put in place by the GRA to administer these forms and to verify the purchases for which refunds are being claimed.

Khan said that checks may also have to be made with the seller of the item, hence refunds will not be issued at the airport and a cheque will be mailed within 30 days. Cheques will be payable in US, Sterling or Canadian currency. Non-residents who purchase items and paid in excess of $20,000 in VAT and which are exported as accompanied baggage will also be eligible for a refund. The Commissioner noted that non-registrants will be required to produce proof of original tax or sales invoices to the GRA on or before departure for the claim to be processed.

Apart from gold jewellery, what are we going to buy with a excess of $20,000 VAT to export from the country ???

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