Page 504 - Juta's Indirect Tax

BP RULING NO
DATE
NAME/SUBJECT
SECTION OF VAT ACT
086
28 May 2010
Application of the relevant legislation where two parties conduct mining operations in terms of an unincorporated joint venture agreement
Sections 1, 8(2), 10(4) and (23), 16(3), 18, 23(1) and 51(1) of the VAT Act
126
08 November 2012
Disposal of a business and investment shares, as a result of restructuring, and the distribution of certain shares to shareholders
Section 8(25) of the VAT Act
150
24 July 2013
Tax treatment relating to a credit linked deposit
Section 7(1) of the VAT Act
160
22 January 2014
Incentive payments
Section 1(1) de nition of ‘consideration’ and 20 of the VAT Act.
162
3 March 2014
Sale of an oil and gas right
Section 1(1) de nition of ‘consideration’ and ‘ xed property’, 9(3)(d) and (4) and 16(4)(a)(ii) of the VAT Act
175
30 July 2014
Debt purchase transactions
Section 1(1) de nition of ‘enterprise’, 7(1)(a) and 12(a) of the VAT Act
206
14 September 2015
Disposal by a share block company of its sectional title units to its share block holders
Sections 64FA and paragraph 67B of 8th Schedule
Sections 8(19) and 10(27) of VAT Act and section 9(19) of Transfer Duty Act
FURTHER BINDING PRIVATE RULINGS DEALING WITH THE VALUE-ADDED TAX ACT
The BPRs listed below deal with both the Income Tax Act and the VAT Act.
BP RULING NO
DATE
NAME/SUBJECT
SECTION OF VAT ACT
160
22 January 2014
Incentive payments
Section 1(1) de nition of ‘consideration’ and 20 of the VAT Act.
162
3 March 2014
Sale of an oil and gas right
Section 1(1) de nition of ‘consideration’ and ‘ xed property’, 9(3)(d) and (4) and 16(4)(a)(ii) of the VAT Act
001
3 September 2007
De nition of enterprise, zero-rating of salvage services, input tax deduction in respect of personal subsistence employees
Section 1 de nitions of ‘enterprise’, ‘input tax’ and ‘vendor’, and ss 11, 17 and 23
004
3 September 2007
De nition of enterprise, exemption of goods on importation
Section 1 de nitions of ‘enterprise’, ‘input tax’ and ‘vendor’, and ss. 7(1)(b), 13(3), 23 (1) and Schedule 1 item 470.01
023
9 February 2009
Value-Added Tax (VAT) implications to the parties relating to the establishment of a residential township development
Section 1 de nitions of ‘enterprise’ and ‘input tax’ and ss 7 (1)(a), 12(c), 16(2) and (3), 18(1) and 23(1)
053
16 October 2009
Value-Added Tax implications arising from the construction of buildings by an entity and the subsequent donation of such buildings to another entity
Section 1 de nitions of ‘enterprise’ and ‘input tax’ and ss 10(4) and (23), 16(3) and 18(1)
175
30 July 2014
Debt purchase transactions
Section 1(1) de nition of ‘enterprise’, 7(1)(a) and 12(a) of the VAT Act
069
14 January 2010
VAT implications with regard to the supply of services in respect of which mitigation costs and mitigation services costs are received, the time of supply of such services and the deduction of VAT charged on such services as input
Section 1 de nition of ‘input tax’ and s. 7(1)(a), 9(3), 16, 17 and 20
150
24 July 2013
Tax treatment relating to a credit linked deposit
Section 7(1) of the VAT Act
206
14 September 2015
Disposal by a share block company of its sectional title units to its share block holders
Sections 8(19) and 10(27) of VAT Act, Sections 64FA and paragraph 67B of 8th Schedule and section 9(19) of Transfer Duty Act
015
6 March 2008
Supply of goods or services: vendors are one and the same person – s. 8(25) of the Vat Act: acquisition of xed property – exemption from transfer duty – s. 9(1)(l) of the Transfer Duty Act
Section 8(25) and s. 9(1)(l) of the Transfer Duty Act