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Interpretation Note 39 (Issue 2): VAT treatment of public authorities, grants and transfer payments

16 February 2013   (0 Comments)
Posted by: SAIT Technical
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By SARS Legal and Policy

Issue 2 of Interpretation Note 39 (IN 39) was issued by SARS on 8 February 2013. Issue 2 replaces the original IN 39 that was issued on 4 December 2007.

IN 39 sets out the VAT treatment of public authorities, grants and transfer payments and deals with the impact of the amendments in this regard which came into effect on 1 April 2005.

This Note intends to provide a clear framework for the application of the law, so that vendors who transact with government departments, public entities and municipalities will have clarity on the application of the Act.

Please click here to download Issue 2 of IN 39.

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