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value added tax |
There are definitions relating to "value_added_tax" awaiting approval... Value added tax is a tax levied on the addition of a value, over and above the original cost for a VAT-able item. In South Africa, Value Added Tax is currently charged at a rate of 14%. Value Added Tax (VAT) is of particular importance to property transactions. If the Seller is (or should be) a 'VAT Vendor', value added tax may be payable, instead of transfer duty. Also, if the Purchaser is a Vendor, transfer duty may be payable, but the Purchaser may then be entitled to claim back 'a deemed input credit' from the Receiver of Revenue. (These are only two of the possible ramifications of value added tax on property transactions in South Afrca.) Would you like to add another definition for "value added tax" to the Real Estate Dictionary? Terms that closely resemble "value_added_tax":value added tax - Value added tax is a tax levied on the addition of a value, over and abov...0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |
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