Page 25 - P6 Slide Taxation - Lecture Day 3 - VAT Part 1

Importation of goods: From BLNS

countries (scenario 1)

B - Botswana

L - Lesotho
Special rules N - Namibia

S - Swaziland

= members of Customs Union

• do not levy 10% on the customs duty value on imports from

each other

• do charge VAT (14%)

• imports obliged to pass through commercial ports (e.g. border

posts)

• Time of supply: on entry into RSA [s 13(1)(iii)]

• VAT charged = customs duty value x 14% [s 13(2)(b)]

Remember: This VAT will be paid at the border post and will not appear on the VAT

Return (VAT201), but if acquired for TS the input VAT will appear on the return.