“tax” means the tax chargeable in terms of this Act;
[Definition of “tax” substituted by GN 2695 of 1991 and section 12 of Act 136 of 1992]
Category: Section 1 (VAT) – Definitions
“Tax Administration Act” definition of section 1 of VAT Act
“Tax Administration Act” means the Tax Administration Act, 2011;
[Definition of “Tax Administration Act” inserted by section 271 of Act 28 of 2011 effective on 1 October 2012]
“Taxable supply” definition of section 1 of VAT Act
“taxable supply” means any supply of goods or services which is chargeable with tax under the provisions of section 7 (1) (a), including tax chargeable at the rate of zero per cent under section 11;
“Tax fraction” definition of section 1 of VAT Act
“tax fraction” means the fraction calculated in accordance with the formula:
r
______
100 + r
in which formula “r” is the rate of tax applicable under section 7 (1);
“Tax invoice” definition of section 1 of VAT Act
“tax invoice” means a document provided as required by section 20;
“This Act” definition of section 1 of VAT Act
“this Act” includes the regulations;
“Transfer Duty Act” definition of section 1 of VAT Act
“Transfer Duty Act” means the Transfer Duty Act, 1949 (Act No. 40 of 1949);
[Definition of “Transfer Duty Act” inserted by section 9 of Act 20 of 1994]
“Transitional metropolitan council” definition of section 1 of VAT Act
“transitional metropolitan council” means a transitional metropolitan council as defined in section 1 of the Local Government Transition Act, 1993 (Act No. 209 of 1993);
[Definition of “transitional metropolitan council” inserted by section 9 of Act 20 of 1994]
“Trust fund” definition of section 1 of VAT Act
“trust fund” means any fund consisting of cash or other assets the administration and control of which is entrusted to any person acting in a fiduciary capacity by any person, whether under a deed of trust or by agreement, or by a deceased person under a will made by that person;
[Definition of “trust fund” substituted by section 21 of Act 136 of 1991]
“VAT registration number” definition of section 1 of VAT Act
“VAT registration number”, in relation to any vendor, means the number allocated to that vendor by the Commissioner in terms of section 24 of the Tax Administration Act;
[Definition of “VAT registration number” inserted by section 43 of Act 16 of 2004 and substituted by section 271 of Act 28 of 2011 effective on 1 October 2012]