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Thread: VAT Query

  1. #1
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    VAT Query

    Does the exerpt below mean that a VAT-registered business should not charge VAT to any of the listed entities? What is your understanding of this?



    VAT 404 Guide for Vendors Chapter 7
    Chapter 7 Exempt supplies and miscellaneous

    Some examples of exempt supplies include

    services provided to members of body corporates, share block companies, retired persons, political parties, trade unions, housing schemes and home-owners associations which are supplied out of levy contributions by such members.

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    The wording in 404 guide is dumb. Possibly Tom wrote it.

    Sec. 12(f) of the Act kind of saves the day:
    "the supply of any services to any of its members in the course of the management of-
    (i) a body corporate as defined in section 1 of the Sectional Titles Act; or
    (ii) a share block company, or
    (ii) any housing development scheme as defined in the Housing developments Schemes for Retired Persons Act...."

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