By virtue of the power vested in me by section 74(3)(a) of the Value-Added Tax Act,
1991 (Act No. 89 of 1991) (the Act), I, Enoch Godongwana, Minister of Finance, hereby
amend paragraph 8 of Schedule 1 to the Act to regulate the exemption of value-added
tax on the importation of arms and ammunition, parts and accessories thereof
imported for the purposes of testing and experimenting therewith, to be exempted in
terms of item no. 412.01, subject to certain conditions.
Source: gov.za
Latest Posts in "South Africa"
- South Africa Proposes New Regulations for E-Invoicing and E-Reporting in Draft Bill
- SARS Introduces Enhanced Biometric Facial Authentication for Secure Taxpayer Identity Verification and Fraud Prevention
- Court Dismisses SARS’ Appeal, Upholds Glencore’s Compliance with Customs and VAT Laws
- South Africa Releases 2025 Draft Tax Bill to Support VAT Modernisation and E-Invoicing
- South Africa’s VAT Modernisation: Draft Amendments Set Stage for Real-Time Digital Reporting
