Consumption/VAT/Sales Tax in South Africa
- Nature of the Tax
- VAT = Valued Added Tax (BTW = Belasting op Toegevoegde Waarde in Afrikaans).
- Standard Rate
- Reduced Tax Rate
- Reduced VAT rates range from 0% (on education services, basic foods, diesel fuel and gasoline, export of Goods and Services) up to the standard rate of 14%. For example, VAT on hotels and retirement hostels is charged at 8.4%.
- Exclusion From Taxation
- Exemptions include: lending of money, financial services, educational services, the letting of residential accommodation, the local transport of passengers by road or rail, and the retirement and medical benefits.
- Method of Calculation, Declaration and Settlement
For supplies of less than ZAR 300,000 per year, the year the payment of consumption tax is not required nor is the supplier obliged to register as a vendor for VAT purposes.
For more details, check the South African Revenue Service
- Other Consumption Taxes
- Public Benefit Organization under Section 30 of South Africa's Income Tax Act is eligible for exclusion from taxation.
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