n Tax Breaks Newsletter - Nasty VAT blow for associations not for gain : value-added tax
|Article Title||Nasty VAT blow for associations not for gain : value-added tax|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Nov 2009|
|Pages||4 - 5|
The tax Court handed down judgement on 14 August 2009 in Case No: VAT 711, which could have a major impact on the ability of associations not for gain to claim Value-Added Tax (VAT) on their operating expenses. It could even have a negative impact on profit making vendors who make certain supplies for no consideration as well.
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