- VAT ruling VR 009 issued on 28 March 2025 under the Value-Added Tax Act 1991
- Zero rate of VAT applies to services supplied directly in respect of investments outside South Africa not listed on a South African Stock Exchange
- Applicant provides administration and management services for investments located outside the Republic
- Services are zero-rated if investments are not listed on a South African Stock Exchange
- Ruling is based on sections 11(2)(g)(i) and 11(3) of the VAT Act
- Applicant is a collective investment scheme service provider in the financial services industry
- Applicant supplies services for a fee based on a percentage of assets under management
- Investment policies allow for investments in both offshore and local financial instruments, listed or unlisted
- Ruling is subject to standard terms and conditions issued by the Commissioner
Source: sars.gov.za
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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