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Proposed Amendment to VAT Act: Time of Supply for Exported Goods Clarified

  • Finance Bill 2024 tabled on 13 May 2024
  • Changes effective from 1 July 2024
  • Clarification on time of supply of exported goods
  • Proposed amendment to Section 12 of VAT Act
  • Time of supply for exported goods to be when exporter has required export confirmation documents
  • Suppliers must have all export documentation before declaring supply in VAT return

Source: globaltaxnews.ey.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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