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Thread: Customs VAT & Duties on goods sold on the water

  1. 25-Jul-18, 09:06 AM #1
    Aldora
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    Customs VAT & Duties on goods sold on the water

    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
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  2. 26-Jul-18, 10:45 AM #2
    AmithS
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    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!
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  3. 01-Aug-18, 05:51 AM #3
    Dave A
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    Quote Originally Posted by Aldora View Post
    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?
    Participation is voluntary.

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  4. 11-Sep-18, 09:54 AM #4
    Aldora
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    Hi guys,
    Thank you for the input - we are investigating it with SARS directly and if we get clear feedback I will share
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