Section 65 of the VAT Act requires that all prices advertised or quoted in respect of a taxable supply of goods or services must include VAT, or alternatively, that the advertisement or quotation must reflect the VAT cost, the VAT exclusive price and the VAT inclusive price.
Source: Cliffe Dekker Hofmeyr
Latest Posts in "South Africa"
- VAT Fraud Syndicate Threatens South Africa’s Economy, Costs Billions in Lost Revenue and Market Share
- SARS Limits E-Commerce Imports Under Customs Code 70707070 to R150,000 Per Year for Individuals
- How Edward Kieswetter Helped South Africa Avoid a 2% VAT Increase Through Tax Modernisation
- South Africa Clarifies VAT on Sale of Fixed Assets and Joint Venture Interests
- SARS Clarifies Tax on Reinsurance Business Transfer to Nonresident Branch; Dividend and VAT Implications













