Transcription of Value-Added Tax VAT 409 - SARS
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Value-Added Tax VAT 409. guide for Fixed Property and Construction VAT 409 guide for Fixed Property and Construction Preface Preface This guide is a general guide concerning the application of the VAT Act in connection with fixed property and construction transactions in South Africa. Although fairly comprehensive, the guide does not deal with all the legal detail associated with VAT and is not intended for legal reference. Technical and legal terminology has also been avoided wherever possible. For details in respect of the general operation of VAT, see the VAT 404 guide for Vendors which is available on the South African Revenue Service (SARS) website ( ). All references to the VAT Act or the Act are to the Value-Added Tax Act No. 89 of 1991, and references to sections are to sections of the VAT Act, unless the context otherwise indicates. Similarly, all references to TA Act are to the Tax Administration Act No. 28 of terms Republic , South Africa or the abbreviation RSA , are used interchangeably in this document as a reference to the sovereign territory of the Republic of South Africa, as set out in the definition of Republic in section 1(1) of the VAT Act.
Value-Added Tax VAT 409 Guide for Fixed Property and Construction
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