SARS trade statistics indicate that South Africa’s international trade is worth more than 300 billion in total per month. These imports and exports must all comply with VAT requirements, and registered vendors must ensure that they have the correct documents to enable them to treat exports as zero-rated and claim the inputs for imports.
Recent changes to the customs import system must also be taken into account for small imports, whether by vendors or individuals.
This webinar aims to discuss all the VAT implications on these international transactions.
Our upcoming webinar will focus on the following aspects:
• Definition of Export
o Direct exports
o Indirect exports
o Exported service
• VAT implications of supply
o Zero rated exports vs standard rated
• Documentary requirements
• Role and responsibilities of parties involved in transactions
• Time periods for transactions
• Impact of second-hand goods
• Imported goods
• Imported services
• Exemptions on import VAT
• Practical pitfalls and issues with SARS
Tax practitioners
Employees of VAT vendors who perform the VAT calculations and submissions
All accountants and auditors of VAT vendors who export goods and services
