Page 45 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1

Zero-rated supply: Exported goods

Definition of 'exported':

Goods delivered Ownership

in export country changes in SA

 Direct/ indirect exports, or

0% N/A – 2 nd hand goods if Supply – subject to VAT @ 15%

notional input was claimed Recipient entitled to refund

 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