Page 33 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1
P. 33

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)
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