7. Imposition of value-added tax
(1) Subject to the exemptions, exceptions, deductions and adjustments provided for in this Act, there shall be levied and paid for the benefit of the National Revenue Fund a tax, to be known as the value-added tax-
(a) on the supply by any vendor of goods or services supplied by him on or after the commencement date in the course or furtherance of any enterprise carried on by him;
(b) on the importation of any goods into the Republic by any person on or after the commencement date; and
(c) on the supply of any imported services by any person on or after the commencement date,
calculated at the rate of 15 per cent on the value of the supply concerned or the importation, as the case may be.
[Subsection (1) amended by section 23(a) of Act 136 of 1991, by section 14(a) of Act 136 of 1992, by section 23(1)(a) of Act 97 of 1993, by section 33 of Act 37 of 1996 and by section 9(1)(a) of Act 21 of 2018 effective on 1 April 2018]
(2) Except as otherwise provided in this Act, the tax payable in terms of paragraph (a) of subsection (1) shall be paid by the vendor referred to in that paragraph, the tax payable in terms of paragraph (b) of that subsection shall be paid by the person referred to in that paragraph and the tax payable in terms of paragraph (c) of that subsection shall be paid by the recipient of the imported services.
(3)
(a) Where any goods manufactured in the Republic, being of a class or kind subject to excise duty or environmental levy under Part 2 or 3 of Schedule 1 to the Customs and Excise Act, have been supplied at a price which does not include such excise duty or environmental levy and tax has become payable in respect of the supply in terms of subsection (1)(a), value-added tax shall be levied and paid at the rate specified in section 7(1) for the benefit of the National Revenue Fund on an amount equal to the amount of such excise duty or environmental levy which, subject to any rebate of such excise duty or environmental levy under the said Act, is paid.
[Paragraph (a) substituted by section 23(b) of Act 136 of 1991, amended by section 14(b) of Act 136 of 1992, by section 23(1)(b) of Act 97 of 1993 and by section 33 of Act 37 of 1996 and substituted by section 94(a) of Act 32 of 2004 and by section 9(1)(b) of Act 21 of 2018 effective on 1 April 2018]
(b) The tax payable in terms of paragraph (a) shall be paid by the person liable in terms of the Customs and Excise Act for the payment of the said excise duty or environmental levy.
[Paragraph (b) substituted by section 94 of Act 32 of 2004]
(c) ……….
[Paragraph (c) deleted by section 34 of Act 34 of 1997]
(d) Subject to this Act, the provisions of the Customs and Excise Act relating to the clearance of goods subject to excise duty or environmental levy and the payment of that excise duty or environmental levy shall mutatis mutandis have effect as if enacted in this Act.
[Paragraph (d) substituted by section 94 of Act 32 of 2004]
(4) If the Minister makes an announcement in the national annual budget contemplated in section 27(1) of the Public Finance Management, 1999 (Act No. 1 of 1999), that the VAT rate specified in this section is to be altered, that alteration will be effective from a date determined by the Minister in that announcement, and continues to apply for a period of 12 months from that date subject to Parliament passing legislation giving effect to that announcement within that period of 12 months.
[Subsection (4) added by section 84 of Act 15 of 2016 effective on 19 January 2017]