This Note
- sets out the legal framework for the VAT treatment of supplies of goods or services which are made by vendors for no consideration in certain circumstances; and
- provides guidance to vendors, on whether
- input tax may be deducted in respect of any VAT incurred on goods or services acquired to make supplies for no consideration; and
- output tax must be declared on any goods or services supplied for no consideration.
Source sars.gov.za
Latest Posts in "South Africa"
- South Africa Moves Toward Mandatory E-Invoicing: New Regulations, CTC Model, and Digital Integration
- South Africa Mandates E-Invoicing to Modernize VAT, Reduce Fraud, and Align with Global Tax Trends
- VAT Treatment of Second-Hand Goods Export in South Africa
- Taxpayer’s Right to Object to SARS-Approved VAT Apportionment Method Confirmed by SCA
- VAT Liability Date: When Vendors Must Charge and Collect VAT
