Print Page
News & Press: SARS News & Tax Administration

Interpretation Note: No. 70 - Supplies Made For No Consideration

Wednesday, 20 March 2013   (0 Comments)
Posted by: Author: SARS communications
Share |

Source: SARS communications

SARS recently issued an Interpretation Note that:

•sets out the legal framework for the VAT treatment of supplies of goods or services which are made by vendors for no consideration in certain circumstances; and 
•provide guidance to vendors, on whether:
input tax may be deducted in respect of any VAT incurred on goods or services acquired to make supplies for no consideration; and 
output tax must be declared on any goods or services supplied for no consideration.

Interpretation Note No. 70 can be found here.



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.

  • Tax Practitioner Registration Requirements & FAQ's
  • Rate Our Service

    Membership Management Software Powered by YourMembership  ::  Legal