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International sales tax and SA Customs VAT calculation (imported goods)
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<blockquote data-quote="ron g" data-source="post: 1091027" data-attributes="member: 13653"><p>indirect exports (items sold to a qualifying person, & delivered in a country for export) can be zero rated.</p><p>however this can expose the seller to risk as actual export will need to be proved by the seller. most retailers won't even entertain this option as a result.</p><p>company i worked for occassionally got this request - usually in respect of avionics for foreign registered aircraft in sa. </p><p></p><p>goods coming into sa are subject to a 10% upliftment factor on the declared price.</p><p></p><p>so: (100 + 10%) x 15%, an effective rate of 16.5%.</p><p>if imported for a taxable supply, by a vat vendor, the full 16.5% is reclaimable as inputs.</p></blockquote><p></p>
[QUOTE="ron g, post: 1091027, member: 13653"] indirect exports (items sold to a qualifying person, & delivered in a country for export) can be zero rated. however this can expose the seller to risk as actual export will need to be proved by the seller. most retailers won't even entertain this option as a result. company i worked for occassionally got this request - usually in respect of avionics for foreign registered aircraft in sa. goods coming into sa are subject to a 10% upliftment factor on the declared price. so: (100 + 10%) x 15%, an effective rate of 16.5%. if imported for a taxable supply, by a vat vendor, the full 16.5% is reclaimable as inputs. [/QUOTE]
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International sales tax and SA Customs VAT calculation (imported goods)
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