Value Added Taxation (VAT) Rate Change Effective 1 April 2018
The National Treasury has announced an amendment to the Value Added Taxation (VAT) rate in South Africa from 14% to 15% effective 1 April 2018.
Section 67 of the VAT Act entitles Bidvest Car Rental to recover, in addition to the amounts payable by the customer to Bidvest Car Rental as stipulated in the agreed contracted rates, the additional amount of VAT that becomes payable on supplies on or after the 1st of April 2018 as a result of the VAT rate increase.
Bidvest Car Rental will be required to pay VAT at 15% on such supplies, and you will therefore be liable for the additional 1% VAT levied effective from the 1st of April 2018.
We trust you will find the above information to be in order. However should you require any additional information or assistance please contact Customer Care Team on 086 111 1412 or firstname.lastname@example.org