VAT on imported goods is paid on the Added Tax Value (ATV) and this is determined as follows:
Customs Value, plus any duty levied on the goods, plus 10 per cent of the Customs Value.
VAT on imported goods from BLNS – Where imported goods have their origin in Botswana, Swaziland, Lesotho or Namibia (BLNS) and are imported from that country the Customs Value must not be increased by the 10 percent.
Customs Value, plus any duty levied on the goods.
The rate payable for VAT, calculated on the ATV increased from 14% to 15% from 1 April 2018. A vendor that makes taxable supplies of more than R1 million per annum must register for VAT. A vendor that makes taxable supplies of more than R50 000, but not more than R1 million per annum, may apply for voluntary registration. Certain supplies are subject to a zero rate, or are exempt from VAT.
