Explanatory Note
This BGR clarifies the VAT consequences for the lender in respect of the consideration the lender charges in terms of a securities lending arrangement.
This BGR replaces the VAT content of Practice Note 5/1999 “Tax Implications for Lending Arrangements in respect of Marketable Securities”. The VAT content of the Practice Note is withdrawn with effect from 1 April 2023.
Date published: 9 December 2022
Source: gov.za
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