vendor for VAT purposes. Zero-rated supplies (VAT is charged at 0% and input tax credit may be claimed by supplier): • Exportation of goods (if all requirements are met); • Sale of an enterprise as a going concern; • Certain supplies of unmanufactured gold and of gold coins; • Certain agricultural products supplied to farming vendors; Zero-rated and exempt supplies. The following goods and services are zero-rated: • Exports • 19 basic food items • Illuminating paraffin • Goods which are subject to the fuel levy (petrol and diesel) • International transport services • Farming inputs • Sales of going concerns, and • Certain grants by government.

During the 1980s, South Africa imposed the General Sales Tax (GST) on goods and services. In 1986, the Margo Commission recommended that this system be replaced with a Comprehensive Business Tax, or alternatively, a value-added tax (VAT). VAT was introduced in September 1991 at a rate of 10%. Value Added Tax ‭(Hidden)‬ hide ops subject Careers Media Procurement Glossary T&C's Site Map Tax Can Be Fun vendor for VAT purposes. Zero-rated supplies (VAT is charged at 0% and input tax credit may be claimed by supplier): • Exportation of goods (if all requirements are met); • Sale of an enterprise as a going concern; • Certain supplies of unmanufactured gold and of gold coins; • Certain agricultural products supplied to farming vendors; Zero-rated and exempt supplies. The following goods and services are zero-rated: • Exports • 19 basic food items • Illuminating paraffin • Goods which are subject to the fuel levy (petrol and diesel) • International transport services • Farming inputs • Sales of going concerns, and • Certain grants by government.

In economics, zero-rated supply refers to items that are taxable, but the rate of tax is nil on their input supplies. The term is applied to items that would normally be taxed under valued-added systems such as Europe's Value Added Tax (VAT) 

VAT Rates in South Africa. The standard rate of VAT is 15%. Exports, certain foodstuffs and other supplies are zero-rated, and certain supplies are exempt (mainly certain financial services, residential accommodation and public transport). The tax is designed to be paid mainly by the ultimate consumer or purchaser in South Africa. It is levied at two rates, namely a standard rate and a zero rate (0%). With effect from 1 April 2018, the standard rate of VAT is 15% (prior to that date, the standard rate was 14%). VAT increased from 14% to 15% from 1 April 2018. VAT is levied on the supply of most goods and services and on the importation of goods. The VAT on the importation of goods is collected by customs. There is a limited range of goods and services which are subject to VAT at the zero rate or are exempt from VAT. Where goods are exported to a customer (business or private) outside of South Africa, VAT is chargeable at the zero rate, provided the supplier pays for the freight and retains the prescribed documentary proof of export. Services

Such a sale may be zero-rated if all the requirements are met. Conclusion. If a fixed property forms part of the taxable supplies of a seller then the seller, as a VAT 

23 May 2019 In countries that use value-added tax (VAT), zero-rated goods are products that Examples of items that may be zero-rated include certain foods and the heels of an increase in the VAT rate in South Africa from 14% to 15%,  Such a sale may be zero-rated if all the requirements are met. Conclusion. If a fixed property forms part of the taxable supplies of a seller then the seller, as a VAT  In economics, zero-rated supply refers to items that are taxable, but the rate of tax is nil on their input supplies. The term is applied to items that would normally be taxed under valued-added systems such as Europe's Value Added Tax (VAT)  7 Mar 2018 South Africa's VAT system includes 19 basic food items that are zero-rated: dried beans; samp; maize meal; rice; brown bread; vegetables 

23 May 2019 In countries that use value-added tax (VAT), zero-rated goods are products that Examples of items that may be zero-rated include certain foods and the heels of an increase in the VAT rate in South Africa from 14% to 15%, 

Such a sale may be zero-rated if all the requirements are met. Conclusion. If a fixed property forms part of the taxable supplies of a seller then the seller, as a VAT  In economics, zero-rated supply refers to items that are taxable, but the rate of tax is nil on their input supplies. The term is applied to items that would normally be taxed under valued-added systems such as Europe's Value Added Tax (VAT)  7 Mar 2018 South Africa's VAT system includes 19 basic food items that are zero-rated: dried beans; samp; maize meal; rice; brown bread; vegetables 

Where goods are exported to a customer (business or private) outside of South Africa, VAT is chargeable at the zero rate, provided the supplier pays for the freight and retains the prescribed documentary proof of export. Services

10 Sep 2018 But South Africans should also be realistic about what tax policies we define items for zero rating in a way that is efficient and practicable?

27 Mar 2019 Learn about zero rates and exemptions right here. In the EU, the VAT Directive states that certain items must be free of any VAT charges, and  23 May 2019 In countries that use value-added tax (VAT), zero-rated goods are products that Examples of items that may be zero-rated include certain foods and the heels of an increase in the VAT rate in South Africa from 14% to 15%,  Such a sale may be zero-rated if all the requirements are met. Conclusion. If a fixed property forms part of the taxable supplies of a seller then the seller, as a VAT  In economics, zero-rated supply refers to items that are taxable, but the rate of tax is nil on their input supplies. The term is applied to items that would normally be taxed under valued-added systems such as Europe's Value Added Tax (VAT)