n Tax Breaks Newsletter - New VAT changes you ought to know about : value added tax




Section 8(25) of the VAT Act contains relief measures for transactions that fall into the ambit of the Income Tax reorganisation rollover provisions (i.e. Sections 42, 44, 45 or 47 of the Income Tax Act). This VAT relief effectively deems the seller and the buyer to be one and the same person. The effect is that a reorganisation for VAT purposes is deemed to be a non-event.


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