D4 - SA VAT Act & Exports plus the UCR system

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This is a full-day course covering the complexities of Export Exchange Control laws and rules as well as the VAT issues associated with Export Regulation R.316, as well as the fundamentals of zero-rated export supplies.

The course addresses

Export Exchange Control issues & the UCR system;

Indirect Exports & VAT;

Direct Exports & VAT.

Indirect exports are in most instances subject to VAT at the standard rate. However, there are opportunities where the vendor may elect to zero-rate the supply of the movable goods, subject to certain requirements being met. Importantly, the requirements for documentary compliance are covered in detail.

We will also look at when the vendor may raise their invoices in foreign currencies and when they may not; how the rate of VAT influences the currency of the transaction.

This course is based in part on the hundreds of questions and actual problems raised by past delegates since 1997 and the event creates an excellent forum for questions & answers.

The course fees include electronic copies of the presentation material, VAT Interpretation Notes and Guides and the latest Exchange Control Manuals, as well as the latest SA VAT wall chart and a hyperlinked version of the 5th Edition of Trading Words & Phrases.

Course costs include lunch and a certificate of attendance.


This course is also available as an in-house event;

email phill@freighttraining.co.za to enquire further.