Your VAT refund can give back, too

After partnering with VAT refund company Global Refund late last year, Tel Aviv-based Total Money began offering Israeli travelers the option to claim VAT money at their offices instead of standing in line at the airport.

By MATTHEW KRIEGER
April 4, 2007 07:21

Israelis now have the opportunity to contribute their otherwise unclaimed VAT (value added tax) refund money to worthy causes across the country as a new initiative proposed by Total Money International Ltd. and the non-profit organization "Business and Community," goes into affect before Pessah. Under the agreement, Total Money International Ltd., the body responsible for refunding VAT in Israel for purchases made abroad, allows Israelis to both collect refund money on their foreign purchases as well as donate to the needy, by mailing in the Global Refund checks received when shopping abroad to Total Money's offices and allocating a percentage to "Business and Community," a non-profit organization that works to raise funds from the business community to help the poor purchase medicine and food, as well as assisting collapsed businesses to get back on their feet. After partnering with VAT refund company Global Refund late last year, Tel Aviv-based Total Money began offering Israeli travelers the option to claim VAT money at their offices instead of standing in line at the airport. Information about the company and donating to "Business and Community" can be found at the Web site www.totalmoney.co.il.


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