n Tax Breaks Newsletter - The taxable supplies you don't see : value added tax
|Article Title||The taxable supplies you don't see : value added tax|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Oct 2009|
|Pages||2 - 4|
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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