Pdf an analysis of south africas value added tax researchgate. South african revenue service act 34 of 1997 amended by income tax act. Valueadded tax act 89 of 1991 south african government. Although fairly comprehensive, the guide does not deal with all the legal detail associated with vat and is not intended for legal reference. South african valueadded tax stellenbosch university. Vat is an indirect tax on the consumption of goods and services in the economy.
The income tax act, 1962, valueadded tax act, 1991 and other tax acts may be accessed on the sars website. Tax is levied on a residence basis in terms of the income tax act no 58 of 1962 the act. The information in this guide concerning income tax relates to. Act, there shall be levied and paid for the benefit of the national revenue fund a tax, to be known as the valueadded tax a. Valueadded tax vat 419 south african revenue service.
Amended by tax administration laws amendment act 16 of 2016. The consolidated income tax act is available, in a pdf version, under the tax heading on the university of pretoria. Claiming a deduction for future expenditure a cautionary tale. This guide is a general guide concerning the application of the valueadded tax act vat in respect of municipalities in south africa. Ministry of finance 4 amended schedule 2 zero rated items effective february 1 2016 c antacids and antiflatulants in the form of liquids, tablets, capsules and other solid dosage forms for oral use. Section 20 of the principal act is amended by substituting for paragraph athe followinga areexempt from customs duty under thefifth schedule of the east african community customs management act, 2004 except compact fluorescent bulbs with a power. Vat acts national board of revenue nbr, bangladesh. The south african vat act, does not contain such explicit place of supply rules, but. South african institute of chartered accountants integritax newsletter income tax and vat acts online. Intangibles, and adopted by the oecd council in september 2016 oecd, 2017. Revenue is raised for government by requiring certain businesses to register and to charge vat on the taxable supplies of goods and services. Pdf in this paper, the authors describe south africas value added tax vat. Income tax act 58 of 1962 south african government. It was established by the father of the nation bangabandhu sheikh mujibur rahman under.
Vat summary taxable supplies south african tax guide. Taxation laws amendment act 27 of 1997 south african revenue service act 34 of. Technical and legal terminology has also been avoided wherever possible. The national board of revenue nbr is the apex authority for tax administration in bangladesh.
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