Value-Added Tax Act, 1991 (Act No. 89 of 1991)
Regulations issued in terms of section 74(1) read with paragraph (d) of the definition of "exported" in section 1(1) of the Value Added Tax Act, 1991
VAT Export Regulations
18. Transitional Rules
|(1)||With regard to supplies for the exportation of movable goods for which the time of supply occurred before the date of gazetting these regulations, the provisions of the VAT Export Incentive Scheme published as Notice 2761 in Government Gazette 19471 of 13 November 1998 are applicable.|
|(2)||With regard to—|
|(a)||any supply for which the time of supply occurred on/after the date of gazetting these regulations; or|
|(b)||progressive supplies as contemplated in section 9(3)(b) of the Act where—|
|(i)||any payment in respect of the supply becomes due or is received before as well as after the date of gazetting of these regulations; or|
|(ii)||any invoice issued in relation to that payment occurs before as well as after the date of gazetting of these regulations; and|
|(iii)||the goods are delivered only after the date of gazetting these regulations;|
the provisions of these regulations will be applicable.
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