1887

n Without Prejudice - The VAT vendor conundrum : tax

Volume 15, Issue 3
  • ISSN : 1681-178X
USD

 

Abstract

The basic principle of Value Added Tax (VAT) is that a vendor must account to the South African Revenue Service (SARS) for output tax on taxable supplies made after deducting any input tax incurred by him. However, if a vendor collects the VAT and does not pay it over to SARS but uses it for another purpose, can he be charged with the common law crime of theft?

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/content/jb_prej/15/3/EJC170516
2015-04-01
2016-12-10

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