Types of indirect taxes (VAT/GST) VAT. What is standard VAT/GST rate? 15 percent. Are there any reduced rates, zero rates or exemptions? Zero-rated supplies include: export of goods; international transport; certain food items; maize meal and mahango; flour and bread; sunflower cooking oil; beans; milk and sugar TAX TALK - EXAMPLES OF VAT EXEMPT SUPPLIES such as children's homes or old ages home are zero-rated for VAT and the Namibian Police must start imposing fines on taxis and the long distance South Africa’s current VAT system allows for 19 basic food items to be taxed at a rate of zero percent (as opposed to the official rate of 15%). The zero rating of food items was originally These are the items that will be zero-rated for VAT Ingé Lamprecht A panel of independent experts has reviewed the current list of zero-rated food items. These 9 items could be included on the new zero-rated VAT list Wesbank to offer car financing to graduates without credit history Next article South Africa's richest startup programme is looking
Doctors; Supplies of health and welfare; Exempt medical services; VAT liability types of reports have some therapeutic purpose and can therefore be exempt This Act may be cited as the Value Added Tax (Amendment) Act, 2003 and shall come into (2) For the purposes of this Act, zero rated goods shall be restricted to those listed in Schedule IV; Provided that the determination of rates for any item in this list will be dictated by the extent that such Namibian Law (NamibLII) . Nature of the Tax: Value Added Tax (VAT); Tax Rate: 15%; Reduced Zero- rated items include: certain foodstuffs, direct export of goods, Signed: List of Double Taxation Agreements concluded by Namibia 5 Nov 2018 The burden of the tax is borne by the final consumer of the goods or services. For VAT The Act lists all zero-rated and exempt supplies.
5% - reduced rate VAT (examples include domestic fuel and power, All goods and services which have reduced or zero rated VAT applied to their sale are 1 Apr 2016 Examples of zero-rated supplies of goods and services. • Exports of goods. • International transport. • Services relating to maritime activities. (b) the import would be a zero rated supply under section 10 or an exempt supply under section 11 if it were a supply of goods or services in Botswana. 15. Import 24 Oct 2018 Mid-Term budget speech: Sanitary pads added to zero-rated VAT list Currently, these are the list of items that are exempt from being taxed in 7 Feb 2017 Countries such as Namibia, Lesotho, Malawi, and Zambia have a minimum list of zero rated and exempt products. Such countries charge VAT Any proposed expansion of VAT exemptions or zero-rating would lead to a determining the views of stakeholders from the industries identified in the list of merit Namibia. 15. 0. 0. Nigeria. 10. Senegal. 18. South Africa 14. Tanzania. 20 . X. Doctors; Supplies of health and welfare; Exempt medical services; VAT liability types of reports have some therapeutic purpose and can therefore be exempt
Countries such as Namibia, Lesotho, Malawi, and Zambia have a minimum list of zero rated and exempt products. Such countries charge VAT on products such as rice, fresh milk, fruits, eggs and meat products among others. South Africa's current VAT system allows for 19 basic food items to be taxed at a rate of zero percent (as opposed to the official rate of 15%). The zero rating of food items was originally These are the items that will be zero-rated. Only three of the six recommended products make the cut. A panel of independent experts has reviewed the current list of zero-rated food items. Government has proposed that white bread flour, cake flour and sanitary pads should be included in the basket of zero-rated Vat items from April 1, 2019. To ensure the VAT hike is not regressive, the current list of 19 items will remain zero-rated, Treasury said, with the panel of experts considering expanding the list. As a supplier, you must register for VAT if your taxable turnover (which includes zero-rated supplies) exceeds Dh375,000 in a 12-month period, or if you expect your taxable turnover (which includes zero-rated supplies) to exceed Dh375,000 in the next 30 days. However,
This Act may be cited as the Value Added Tax (Amendment) Act, 2003 and shall come into (2) For the purposes of this Act, zero rated goods shall be restricted to those listed in Schedule IV; Provided that the determination of rates for any item in this list will be dictated by the extent that such Namibian Law (NamibLII) . Nature of the Tax: Value Added Tax (VAT); Tax Rate: 15%; Reduced Zero- rated items include: certain foodstuffs, direct export of goods, Signed: List of Double Taxation Agreements concluded by Namibia