SARS recently published Government Notice 7847, amending Regulation 8(2)(e)(ii), which relates to the definition of “exported” in the VAT Act.
The amendment allows vendors to apply the 0% VAT rate to movable goods supplied to a qualifying purchaser or registered vendor for export, provided the goods are delivered to an approved export point or carrier before being exported from South Africa. These include a port authority, ship master, container operator, aircraft pilot, airport control area, pipeline or electrical transmission line.
For more information, contact Taryn Hunkin, senior partner at Shepstone & Wylie: 031 575 7000 or info@wylie.co.za.
