SARS issued Binding General Ruling (VAT) No. 16 on 25 March 2013.
This BGR reproduces the statement in paragraph 8.4.3 of the Value-Added Tax Guide for Vendors (VAT 404) under the heading "Formula: Turnover-based method of apportionment”, which comprises a BGR under section 89 of the TA Act.
This BGR applies with effect from 1 April 2013 and will apply for an indefinite period.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.