More than 140 countries worldwide use the VAT system as a means of indirectly collecting taxes. VAT Extract will be applicable to all of these 140 countries. This creates enormous opportunity and a market that can be targeted by applying this product.

• Value added service
• This will be a major added service that you can offer that no other company can. With added competition from market competitors it becomes ever increasingly important to differentiate your product and brand by utilising innovative applications like VAT Extract.

• New clients
• Because no other company has access to this patent, it can be the deciding factor between choosing your company rather than another.

• Innovation illustrated
• In an ever increasing competitive market, the only way to stay alive is to innovate. VAT Extract will show that you are innovative and forward looking. By creating a culture of innovation within the company, it will show customers that you are moving forward and this creates consumer confidence.

• More products
• As a company you can charge for the value added service, as well as the additional savings pocket that is created.

• Increased capital for investment
• Because clients will now build up their output VAT in the savings pocket for a month or 2 depending on their VAT registration period, you will have a more steady flow of capital to lend out to borrowers and utilise for future investment opportunities.

• Card
• Once the transaction is processed and the money shows in the bank account, the 14% is taken off and deposited in a linked savings account set up for VAT.

• Cash
• With a cash deposit box, the cash will show in your bank account as soon as the security company pulls the deposit box. Once the money shows, 14% is deposited into the savings account.

If the VAT Extract system is linked to your Point-of-Sale (POS) System, VAT Extract will be able to differentiate between a VAT liable product and a product that is zero rated or exempted from VAT in accordance with SARS regulations. VAT extract will then automatically know not to transfer the 14% if the product is VAT exempt or zero rated.

Because VAT Extract saves the 14% of the output VAT, but does not take the input VAT into account, there will always be a surplus in the savings account at the end of the month. With interest added on the amount. This will create wealth for the company and they will be able transfer that money to their current account or accumulate savings for a potential future investment opportunity.