[Question] Customs VAT & Duties on goods sold on the water

[Aldora]

Hi everyone,
Please help.

If we import goods but sell them to another trader while they are still on the water - what are the VAT and duty implications?

One of our contacts has mentioned that they are not paying VAT/duties on similar transactions

[AmithS]

Specific rules apply if I am not mistaken - yes some transactions don't attract VAT when these conditions are met. I have seen this is project type businesses.

I have an idea of what they are however would rather someone who is sure to answer. Alternatively SARS is your best bet for an answer in writing!

[Dave A]

One of our contacts has mentioned that they are not paying VAT/duties on similar transactions

Are they still the importer in those transactions, or has that designation passed onto the purchaser?

[Aldora]

Hi guys,
Thank you for the input - we are investigating it with SARS directly and if we get clear feedback I will share