oa Meditari : Research Journal of the School of Accounting Sciences - Value-added tax on new residential properties : a comparative study regarding developers registered for VAT purposes
|Article Title||Value-added tax on new residential properties : a comparative study regarding developers registered for VAT purposes|
|© Publisher:||University of Pretoria|
|Journal||Meditari : Research Journal of the School of Accounting Sciences|
|Publication Date||Jan 2004|
|Pages||119 - 136|
|Keyword(s)||Australia - GST, Canada - GST / HST, Developers registered for VAT, Goods and services tax (GST), Harmonious sales tax (HST), New residential properties, South Africa - VAT, United Kingdom - VAT and Value-added tax (VAT)|
This paper reports on a research study of value-added tax (VAT) that appliesto new residential properties developed by developers who are registered forVAT purposes. The objective of the research was to compare the currentVAT provisions relating to new housing in South Africa with those of theUnited Kingdom, Canada and Australia. Similarities and differences weredetermined and discussed. It was ascertained that the selected countries allhave special rebates or concessions regarding new housing, whereas SouthAfrica has none.
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