Import vat what is it

New timing rules However, a change in VAT legislation affects businesses importing goods to South Africa as it even further limits the period when VAT on imports can be claimed. It means that when vendors using the services of a clearing agent that only pay the VAT on imports to Customs in the next tax period via its deferment scheme, they can only claim the VAT on imports during the tax period in which the clearing agent pays the required VAT to Customs.

Clarification of documentary evidence The documentary evidence requirements remain the same as before for now. Last Updated:. Share this page on:. Share on facebook Facebook. Share on twitter Twitter. You can find more information on how we use our cookies in our Cookie Statement.

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Disclaimer: The content included in this glossary is based on our understanding of tax law at the time of publication. It may be subject to change and may not be applicable to your circumstances, so should not be relied upon.

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