VAT DRC transitional measures

 

VENDOR TAX PERIOD CATEGORY

RETURN

DUE DATE

DRC IMPACT

CATEGORY A

2022/05 return (Apr 2022 – May 2022)

Jun 2022

No Impact.

2022/07 return (Jun 2022 – Jul 2022)

Aug 2022

Based on the 1-month transition period, a vendor does not need to account for the supply and acquisition of valuable metal under the DRC regulations for the month of July 2022.

 

 

2022/09 return (Aug 2022 – Sept 2022)

Oct 2022

All DRC registered vendors must account for VAT on the supply and acquisition of valuable metal under the DRC Regulations from 1 August 2022 (End of transition period).

 

 

CATEGORY B

2022/06 return (May 2022 – Jun 2022)

Jul 2022

No Impact.

2022/08 return (Jul 2022 – Aug 2022)

Sept 2022

Based on the 1-month transition period, a DRC registered vendor does not need to account for the supply and acquisition of valuable metal under the DRC Regulations for the month of July 2022. The vendor is required to account for the supply and acquisition of valuable metal for the month of August 2022.

 

 

2022/10 return (Sept 2022 – Oct 2022)

Nov 2022

A DRC registered  vendor must account for the supply and acquisition of valuable metal in this tax period.

 

 

CATEGORY C

2022/07 return (Jul 2022)

Aug 2022

Based on the 1-month transition period, a vendor does not need to account for the supply and acquisition of valuable metal under the DRC Regulations for the month of July 2022.

 

 

2022/08 return (Aug 2022)

Sept 2022

A DRC registered vendor must account for the supply and acquisition of valuable metal for this tax period.

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