VAT on Imported Services "VATIS"
- celias86
- Apr 8
- 1 min read
VAT on imported services has always been provided for under the VAT Act. Historically, it only applied to the importation of services utilised or consumed in the course of making exempt supplies for example a hospital making exempt medical supplies imported the services of a foreign consultant and would have had to account for VATIS even though they were not VAT registered. That basis did not impact on most taxpayers.
With effect from 1 January 2020 the definition of imported services was changed and this had effect of significantly broadening the reach of the tax with all persons that import services being potentially exposed.
Please read more about the implications of this in our Newsletter below:
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