Value-Added Tax Act, 1991 (Act No. 89 of 1991)RegulationsDomestic Reverse Charge Regulations4. Additional requirements for tax invoices |
The requirements for tax invoices contemplated in section 20 of the Act are applicable for the purposes of these Regulations, with the following additional requirements:
| (a) | a clear reference on the tax invoice that the supply of valuable metal Is subject to the domestic reverse charge as contemplated in these Regulations; |
| (b) | the VAT charged on the supply of valuable metal under these Regulations should not be Included in the amount shown as VAT due by the registered vendor recipient of the supply to the registered vendor making the supply of valuable metal; and |
| (c) | a statement that the amount of VAT charged must be accounted for and paid (on behalf of the supplier) by the recipient, being a registered vendor. |