Page 28 - P6 Slide Taxation - Lecture Day 3 - VAT Part 1
P. 28
Imported services: Meaning of „supply‟
def s 1 “imported services”:
supply of services…
• by supplier who is resident outside RSA or carries on
business outside RSA
• to a recipient who is a RSA resident (vendor or non-vendor)
• for the purpose of making non-TS.
But how will it work in in practice?
Critical questions:
- Non-vendor vs Vendor imports a service?
- How will the money (VAT) be paid to SARS?
- Will it be possible to claim it back as input?
- Income tax implications?
