“South African Revenue Service” means the South African Revenue Service established by section 2 of the South African Revenue Service Act, 1997;
[Definition of “South African Revenue Service” inserted by section 34 of Act 34 of 1997]
Category: Section 1 (VAT) – Definitions
“Special Economic Zones Act” definition of section 1 of VAT Act
“Special Economic Zones Act” means the Special Economic Zones Act, 2014 (Act No. 16 of 2014);
[Definition of “Special Economic Zones Act” inserted by section 19 of Act 44 of 2014 effective on the date on which the Special Economic Zones Act is operational, 9 February 2016 – Date of operation in section 19 of Act 44 of 2014 as amended by section 82 of Act 16 of 2016]
“Stamp Duties Act” definition of section 1 of VAT Act
“Stamp Duties Act” means the Stamp Duties Act, 1968 (Act No. 77 of 1968);
[Definition of “Stamp Duties Act” inserted by section 9 of Act 20 of 1994]
“Supplier” definition of section 1 of VAT Act
“supplier”, in relation to any supply of goods or services, means the person supplying the goods or services;
“Supply” definition of section 1 of VAT Act
“supply” includes performance in terms of a sale, rental agreement, instalment credit agreement and all other forms of supply, whether voluntary, compulsory or by operation of law, irrespective of where the supply is effected, and any derivative of “supply” shall be construed accordingly;
[Definition of “supply” substituted by section 81 of Act 53 of 1999]
“Surrender of goods” definition of section 1 of VAT Act
“surrender of goods” means the termination of any instalment credit agreement by the debtor and subsequent obligation on the creditor, to that agreement, to take possession of any goods previously supplied under that agreement;
[Definition of “surrender of goods” inserted by section 165 of Act 31 of 2013 effective on 1 April 2014]
“Tax” definition of section 1 of VAT Act
“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]
“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);