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Mobivat-Realtime VAT Collection


Mobivat-Realtime VAT Collection

In all transactions in which VAT is due, the VAT componpent is automatically split from the payment at the point of payment

or third party settlement facility.

The VAT never reaches the marchant's bank account, removing the necessories of accounting for and submitting payment of

the collected VAT at the end of a payment period.

In business to business transactions, all business down to the smallest SME, receive automated rapid VAT refunds of allowable

input VAT, with those using an electronic payment method processed most quickly.

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