n Tax Breaks Newsletter - The taxable supplies you see : value added tax

Volume 2009, Issue 285
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The fundamental governing principle of value-added tax (VAT) is that it is leviable on the supply of goods and services by a vendor. It can be difficult enough just to determine the correct VAT treatment of a transaction. Imagine the additional frustration created when SARS assesses a business on supplies it was not even aware that it had made.

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