G-WJGQ4VJHCT
VATupdate

Share this post on

Zero-Rated VAT on Services for Offshore Investments Not Listed on South African Exchange

  • 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.

Sponsors:

Pincvision
VATIT Compliance

Advertisements:

  • Pincvision
  • Fintua
  • VATAi