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Proposed VAT Relief for Non-Resident Lessors of Ships, Aircraft, and Rolling Stock in South Africa

  • VAT relief for non-resident lessors of parts of ships, aircraft, or rolling stock required to deregister
  • Amendments in 2023 had unintended output tax consequences for certain vendors
  • Legislative change proposed to provide relief
  • Details about proposed upcoming VAT changes in South Africa delivered by Finance Minister Enoch Godongwana on 21 February 2024

Source: assets.kpmg.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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