SARS-General3

Value-Added Tax Act Schedule 1 amendment to motor vehicles

Following the changes to the Customs act, Schedule 1 to the Value-Added Tax Act, 1991 was amended to include licensed customs and excise storage warehouses as places where diplomats maybe able to obtain new motor vehicles.

Information

Paragraph 8 of Schedule 1 to the Act was amended to include new vehicles obtained from a licensed customs and excise storage warehouse to be exempted in terms of item no.’s 406.02, 406.03, 406.04, 406.05 or 406.07, provided these vehicles may not be offered, advertised, lent, hired, leased, pledged, given away, exchanged, sold, or otherwise disposed of within a period of two years from the date of importation. Read more: Here

 Implementation date: 24 June 2022

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