A recent court case between SARS and a tour operator put the spotlight on zero-rated VAT.
SARS has made a document available, the SARS VAT interpretation note no.42, explaining value added tax and how it applies to the supply of goods and/or services by the travel and tourism industry.
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Last week’s poll: New EU regulations good for trade?
Last week we asked readers if they thought the revised EU Package Travel Directive (PTD), which comes into effect in July 2018, was a good development for the trade. The majority of readers, 62%, voted ‘No’ while, 38% voted ‘Yes’.