Page 10 - F6 Slide - VAT Part 2 - Lecture Day 5

VAT : Imported Goods

Importation of goods Importation of goods
 9 from other countries
from BLNS countries

Botswana, Lesotho,

Namibia and Swaziland Time of supply

Date cleared for home

consumption
Time of supply

Time when goods enter SA
Calculation of VAT

14% x (customs duty value
Calculation of VAT plus 10% of customs duty value,

14% x customs duty value plus non-rebated customs duty

payable and any import surcharges)