Essential Documents to Keep When you Apply the Zero-rate to a Direct Export
Exports are tricky! Not only is the onus on you to ensure you do everything by the book, but there's a pile of documents you have to keep, to prove to SARS that you're not a bad apple;
Checklist: 7 critical documents to keep when zero-rating VAT for direct exports
When the seller of the goods (the South African Vat vendor) delivers or arranges and pays for the delivery of the goods directly to the client's address abroad. In this case, Vat is levied at zero-percent!
- The order or contract of sale between you and the client
- Your copy of the zero-rated tax invoice
- A copy of the Vat 262 or Vat 266 form, with the original Customs stamp on it
- Customs export documentation
- A copy of the Customs export or removal document
- Proof that your foreign client received the goods (e.g. signed delivery note)
- Proof of payment.
But that's not where it ends
If you appoint a transport company to actually deliver the goods to your client, there are even more documents you need to keep
Discover exactly which documents SARS is going to look for in The Practical Vat Loose Leaf. With this Loose Leaf, direct exports will never catch you out again!
Try our complete Vat Advisory Service risk-free for 14-days. As part of this service you'll receive the Practical Vat Loose Leaf, three Bonus Reports, Regular updates, the daily Tax Bulletin, Online access to past Vat Updates and access to the Vat Helpdesk.
What else you'll discover in the Practical Vat Loose Leaf, to help you take control of your Vat:
Checklists, to save you time and ensure you don't miss a thing!
- 5 exceptions to the basic fringe benefits rule
- 6 vehicles that SARS opens the doors to
- 12 common claims that SARS won't allow
- Documents to attach to your VAT101 application
- 6 basic rules about travel and Vat
- 21 deemed supplies
Vat advice you can put into practice today:
- Check your input tax claims satisfy these 2 criteria
- 4 ground rules about tax periods and Vat
- 6 categories of Vat taxpayers
- How to change your tax period
- Key Vat deadlines you must meet






