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BGR 12: Input tax: Acquisition of a non-taxable supply of second-hand motor vehicles by motor dealer

25 March 2013   (0 Comments)
Posted by: Source: SARS Legal & Policy
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Source: SARS Legal & Policy

BGR 12 was issued by SARS on 22 March 2013.

This BGR reproduces the statement in paragraph 7.3 of the Value Added Guide for Motor Dealers (VAT 420) under the heading "Over-allowances: Notional Input Tax and Open Market Value”, which comprises a BGR under section 89 of the TA Act.

Please click here to download BGR 12


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