Exchange Control & VAT for Exports

Day One

Exchange control for exports and merchanting
The UCR System
Default positions and solutions.
BoP Reporting

Day Two

Overview: A course covering the complexities of the vendor’s VAT position dealing with export and offshore supplies in international trade.

Detail: Export Regulation R.316 and Indirect Exports;
Zero-Rated Direct Exports & VAT;
Special Supplies
Return & Repair;
Merchanting and offshore selling, etc.
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; how to deal with pre-payments and extended credit.

The restrictions around indirect exports under FOB or FCA terms.

Indirect exports are in most instances subject to VAT at the standard rate. However, there are (often complex) 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.

Your investment R6,250 per delegate including VAT.

If you would like to attend, email me [email protected] / [email protected]