ARRANGEMENT OF SECTIONS

Section 1 – Definitions

Section 2 – Financial services

Section 3 – Determination of “open market value”

PART I

ADMINISTRATION

Section 4 – Administration of Act

Section 5 – Exercise of powers and performance of duties

Section 6 – [Repealed]

PART II

VALUE-ADDED TAX

Section 7 – Imposition of value-added tax

Section 8 – Certain supplies of goods or services deemed to be made or not made

Section 8A – Sharia compliant financing arrangements

Section 9 – Time of supply

Section 10 – Value of supply of goods or services

Section 11 – Zero rating

Section 12 – Exempt supplies

Section 13 – Collection of tax on importation of goods, determination of value thereof and exemptions from tax

Section 14 – Collection of value-added tax on imported services, determination of value thereof and exemptions from tax

Section 15 – Accounting basis

Section 16 – Calculation of tax payable

Section 17 – Permissible deductions in respect of input tax

Section 18 – Change in use adjustments

Section 18A – Adjustments in consequence of acquisition of going concern wholly or partly for purposes other than making taxable supplies

Section 18B – Temporary letting of residential fixed property

Section 18C – Adjustments for leasehold improvements

Section 18D – Temporary letting of residential property

Section 19 – Goods or services acquired before incorporation

Section 20 – Tax invoices

Section 21 – Credit and debit notes

Section 22 – Irrecoverable debts

 

PART III

REGISTRATION

Section 23 – Registration of persons making supplies in the course of enterprises

Section 24 – Cancellation of registration

Section 25 – Vendor to notify change of status

Section 26 – Liabilities not affected by person ceasing to be vendor

PART IV

RETURNS, PAYMENTS AND ASSESSMENTS

Section 27 – Tax period

Section 28 – Returns and payments of tax

Section 29 – Special records and payments

Section 30 – [Repealed]

Section 31 – Assessments

PART V

OBJECTIONS AND APPEALS

Section 32 – Objections to certain decisions

Section 33 – [Repealed]

Section 34 – [Repealed]

Section 35 – [Repealed]

Section 36 – [Repealed]

Section 37 – [Repealed]

PART VI

PAYMENT, RECOVERY AND REFUND OF TAX

Section 38 – Manner in which tax shall be paid

Section 39 – Penalty for failure to pay tax when due

Section 40 – [Repealed]

Section 40A – [Repealed]

Section 40B – [Repealed]

Section 40C – Liability of bargaining councils or political parties for tax and limitation of refunds

Section 40D – Liability for tax and limitation of refunds in respect of National Housing Programmes

Section 41 – Liability for tax in respect of certain past supplies or importations

Section 41A – [Repealed]

Section 41B – VAT class ruling and VAT ruling

Section 42 – [Repealed]

Section 43 – [Repealed]

Section 44 – Refunds

Section 45 – Interest on delayed refunds

Section 45A – Calculation of interest payable under this Act

PART VII

REPRESENTATIVE VENDORS

 

Section 46 – Persons acting in a representative capacity

Section 47 – [Repealed]

Section 48 – [Repealed]

Section 49 – [Repealed]

PART VIII

SPECIAL PROVISIONS

Section 50 – Separate enterprises, branches and divisions

Section 50A – Separate persons carrying on same enterprise under certain circumstances deemed to be single person.

Section 51 – Bodies of persons, corporate or unincorporate (other than companies)

Section 52 – Pooling arrangements

Section 53 – Death or insolvency of vendor

Section 54 – Agents and auctioneers

Section 54A – Advance Tax Rulings

PART IX

COMPLIANCE

Section 55 – Records

Section 56 – [Repealed]

Section 57 – [Repealed]

Section 58 – Offences

Section 59 – [Repealed]

Section 60 – [Repealed]

Section 61 – Recovery of tax from recipient

Section 62 – [Repealed]

Section 63 – [Repealed]

PART X

MISCELLANEOUS

 

Section 64 – Prices deemed to include tax

Section 65 – Prices advertised or quoted to include tax

Section 66 – Rounding-off of tax

Section 67 – Contract price or consideration may be varied according to rate of value-added tax  

Section 67A – Application of increased or reduced tax rate

Section 68 – Tax relief allowable to certain diplomats and diplomatic and consular missions

Section 69 – [Repealed]

Section 70 – [Repealed]

Section 71 – [Repealed]

Section 72 – Arrangements and decisions to overcome difficulties, anomalies or incongruities

Section 73 – Schemes for obtaining undue tax benefits

Section 74 – Schedules and Regulations

Section 75 – Tax agreements

Section 76 – [Repealed]

Section 77 – [Repealed]

Section 78 – Transitional matters

Section 78A – Transitional matters: Turnover Tax

Section 79 – Amendment of section 9 of Act 40 of 1949

Section 80 – Amendment of section 12 of Act 40 of 1949

Section 81 – Amendment of section 23 of Act 77 of 1968

Section 82 – Amendment of section 24 of Act 77 of 1968

Section 83 – Amendment of Item 15 of Schedule 1 to Act 77 of 1968

Section 84 – Amendment of Item 18 of Schedule 1 to Act 77 of 1968

Section 85 – Repeal of laws

Section 86 – Act binding on State, and effect of certain exemptions from taxes

Section 86A – Provisions relating to special economic zones

Section 87 – Short title

Schedule 1 – Exemption: certain goods imported into the Republic

Schedule 2 – Zero rate: supply of goods used or consumed for agricultural, pastoral or other farming purposes

Schedule 3 – Laws repealed