Value-Added Tax Act, 1991 (Act No. 89 of 1991)RegulationsDomestic Reverse Charge Regulations8. Transitional measures |
| (a) | Where a registered vendor has made a supply of valuable metal and the time of supply contemplated in section 9 of the Act has occurred on a date prior to the commencement date of these Regulations, such registered vendor being the supplier must account for the VAT in its VAT return and must pay the VAT to SARS. |
| (b) | Where a registered vendor has made a supply of valuable metal and the time of supply contemplated in section 9 of the Act has occurred on or after the commencement date of these Regulations, the supplier and recipient, being registered vendors must comply with the domestic reverse charge contemplated in these Regulations. |
| (c) | A registered vendor will be allowed a period of one month from 1 July 2022 to ensure that it complies with the requirements of these Regulations. |