Page 33 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1
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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
15% x (customs duty value
Calculation of VAT plus 10% of customs duty value,
15% x customs duty value plus non-rebated customs duty
payable and any import surcharges)