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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


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.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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