VAT Export Incentive Scheme – Response due

The VAT Export Incentive Scheme, in terms of the provisions of paragraph (d) of the definition of “exported” in Section 1 of the Value-Added Tax Act Act 89 of 1991, which was published as General Notice No. 2761 of 1998 in Government Gazette No. 19471 dated 13 November 1998, has been reviewed and a new VAT Export Incentive Scheme has been drafted which is intended to replace it. The draft VAT Export Incentive Scheme has been released for public comment. The South African Revenue Service (SARS) has invited written comments by no later than 15 April 2005. Written responses to be submitted to Ms. A Herbst, on eMail aherbst@sars.gov.za,, or facsimile number (012) 422 5194.