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VAT 421 – Guide for Short-Term Insurance

Tuesday, 02 April 2013   (0 Comments)
Posted by: Author: SARS Legal & Policy
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Source: SARS Legal & Policy

SARS issued a new VAT 421 Guide for short-term insurance on 28 March 2013.

This guide is a general guide concerning the application of the VAT Act to short-term insurance transactions in South Africa.  The information in this guide is issued for guidance only and does not constitute a ruling as contemplated in Chapter 7 of the TA Act or section 41B of the Act unless otherwise indicated.

Please click here to download the VAT 421 Guide.



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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