Page 15 - Juta's Indirect Tax

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exempt supply
export country
exported
nancial services
xed property
foreign donor funded project foreign-going aircraft foreign-going ship
goods
grant
IDZ (Pendlex)
IDZ operator (Pendlex)
importation (Pendlex)
imported services
inbound duty and tax free shop
Income Tax Act
Industrial Development Zone (IDZ)
Industrial Development Zone (IDZ) operator input tax
instalment credit agreement
insurance
invoice
licensed customs and excise storage warehouse Minister
money
month
motor car
municipality
municipal rate
open market value
output tax
person
precious metals
prescribed rate
public authority
recipient
rental agreement
Republic
resident of the Republic
returnable container
sale
second-hand goods
services
SEZ (Pendlex)
SEZ enterprise (Pendlex)
share block company
Share Blocks Control Act
shareholder
South African Revenue Service
Special Economic Zones Act (Pendlex)
Stamp Duties Act
storage warehouse (Pendlex)
supplier
supply
surrender of goods
tax
Tax Adminstration Act
taxable supply
tax fraction
tax free shop (Pendlex)
tax invoice
this Act
Transfer Duty Act
transitional metropolitan council
trust fund
VAT registration number
vendor
welfare organisation
De nitions applicable to speci c sections or parts of Act only
Section 2:
s 1
VALUE-ADDED TAX ACT 89 OF 1991
cheque
currency
debt security
derivative
equity security
long-term insurance policy merchant’s discount participatory security superannuation scheme Section 3:
similar supply
Section 16:
property in possession unrecovered loan balance Section 18B:
developer
Section 22:
group of companies Section 27:
Category A
Category B
Category C
Category D
Category E
Section 41B:
VAT class ruling
VAT ruling
Section 54:
auctioneer
Section 73:
scheme
tax bene t
Section 78:
sales tax
Sales Tax Act
Section 78A:
taxable turnover
turnover tax
registered micro business
1 De nitions
(1) In this Act, unless the context otherwise indicates—
‘adjusted cost’ means the cost of any goods or services where tax has been charged or would have been charged if section 7 of this Act had been applicable prior to the commencement date, in respect of the supply of goods and services or if the vendor was or would have been entitled to an input tax deduction in terms of paragraph (b) of the de nition of ‘input tax’;
[De nition of ‘adjusted cost’ inserted by s. 164 (1) (a) of Act 45 of 2003.]
‘ancillary transport services’ means stevedoring services, lashing and securing services, cargo inspection services, preparation of customs documentation, container handling services and storage of transported goods or goods to be transported;
‘association not for gain’ means—
(a) any religious institution of a public character; or
(b) any other society, association or organization, whether
incorporated or not (other than an educational institution in respect of which the provisions of paragraph (c) apply), which—
(i) is carried on otherwise than for the purposes of pro t or gain to any proprietor, member or shareholder; and
(ii) is, in terms of its memorandum, articles of association, written rules or other document constituting or governing the activities of that society, association or organisation—
Juta’s IndIrect tax 2016
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VALUE-ADDED TAX ACT