Motor vehicles, repair services, lubrication oils, and spare parts.
Standard Rated
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A standard-rated supply is a supply of goods or services, which is subject to VAT at the rate of 14%. The supply of all goods and services are taxable at the standard rate, unless it is specifically zero-rated in terms of section 11, or exempt in terms of section 12 of the VAT Act.
Robert Downey, Jr.
Banking and Finance
60 Days
Fixed
The following are some examples of standard-rated supplies (the list is not exhaustive):
Motor vehicles, repair services, lubrication oils, and spare parts.