Transcription of INTERPRETATION NOTE: NO. 70 ACT : VALUE …
{{id}} {{{paragraph}}}
Example: bachelor of science
INTERPRETATION NOTE: NO. 70 ACT : VALUE …
INTERPRETATION NOTE: NO. 70 DATE: 14 March 2013 ACT : VALUE -ADDED TAX ACT NO. 89 OF 1991 (the VAT Act) SECTION : SECTION 1(1) DEFINITION OF THE TERMS ENTERPRISE , TAXABLE SUPPLY , INPUT TAX , DONATION AND CONSIDERATION SECTIONS 10(4) AND 10(23) SUBJECT : SUPPLIES MADE FOR NO CONSIDERATION CONTENTS PAGE Preamble .. 2 1. Purpose .. 2 2. Background .. 2 3. International characteristics and principles of VAT .. 3 Tax policy and legislative design .. 3 General principles and guidelines .. 4 Supplies made for no consideration.
4 and the input tax in any particular tax period. In a situation where input tax exceeds output tax in a tax period, the vendor is entitled to a refund of thedifference.
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: