- VAT is payable on imported services and goods within set timelines
- VAT amounts can be reduced due to discounts, errors, reduced charges, or cancellations
- Tax Administration Act initially did not address reductions for non-vendors or without assessments
- Vendors can now deduct excess tax on imported services under section 16(3)(o)
- Section 44(1) allows non-vendors to apply for a refund of excess tax within five years
- Amendments effective from 24 December 2024
- Refer to Binding General Ruling 66 for more details on vendor overpayments
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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