Results 1 to 3 of 3

Thread: Municipal Rates (Property Rates & Taxes) - Zero-Rated Supply

  1. #1
    New Member
    Join Date
    Mar 2012
    Location
    Pretoria
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Municipal Rates (Property Rates & Taxes) - Zero-Rated Supply

    Hi,

    I know that municipal rates charged by a municipality is deemed a zero rated supply.

    When our company is charged monthly for our office rental, Refuse removal and Rates and taxes by the landlord, office rental and refuse removal are obviously levied at 15%. The rates and taxes portion does not attract 15% VAT.

    Should I classify it as zero rated or exempt? I think zero rated? (I have recently made a mistake, and am now doubting every transaction I process...)

  2. #2
    Silver Member
    Join Date
    Feb 2016
    Location
    Johannesburg
    Posts
    382
    Thanks
    23
    Thanked 105 Times in 94 Posts
    It is zero rated

  3. #3
    New Member
    Join Date
    Mar 2012
    Location
    Pretoria
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Thanks Andromeda, I shouldn't doubt myself ...

Similar Threads

  1. [Question] Interest received, non-taxable supply or zero rated?
    By TanjaWilllemse in forum Accounting Forum
    Replies: 4
    Last Post: 19-Oct-12, 03:47 PM
  2. Replies: 1
    Last Post: 14-Mar-12, 02:34 PM
  3. Property Rates in Durban
    By daveob in forum General Chat Forum
    Replies: 1
    Last Post: 16-Jul-09, 11:10 AM
  4. Rates
    By BruceM in forum General Chat Forum
    Replies: 1
    Last Post: 14-Feb-09, 12:32 PM
  5. Increase in property rates
    By Eugene in forum General Business Forum
    Replies: 3
    Last Post: 19-Nov-07, 10:18 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •