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Call for comment: Draft Interpretation Note - Vouchers supplied at a discount

13 May 2013   (0 Comments)
Posted by: Author: SARS Legal and Policy
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Source: SARS Legal & Policy

SARS recently issued a Draft Interpretation Note on vouchers supplied at a discount which can be found here.

It is common for vouchers to be supplied to customers for a consideration less than the monetary value stated on the voucher. In other words, the voucher is supplied at a discount. This Draft sets out the VAT implications of such vouchers as contemplated in section 10(18).

The SAIT Tax Technical Department will be developing comments on this Draft Interpretation Note. Your comments and proposals would be welcomed and can be sent to by 29 May 2013.



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.

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