Page 55 - ADVANCED TAXATION - Day 1 Slides
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Zero-rated Supply: Exported Goods






                      Definition of  'exported':
                              Goods delivered
                                   in export                                 Ownership

                                    country                                changes in SA


                     Direct/ indirect exports, or
                          0% N/A – 2      nd  hand goods                     Supply – subject to VAT @ 14%

                              if notional input was                             Recipient entitled to refund
                                      claimed


                     goods delivered to owner of a foreign-going

                        ship / aircraft, or
                                                                                If used on
                                                                              ship/aircraft


                     goods supplied under a rental agreement


                                                         If used in export country/
                                                          customs controlled area
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