Page 12 - P6 Slide Taxation - Lecture Day 3 - VAT Part 1

Supply (1st requirement)

- To „provide‟or to „make available‟

- Def s 1: deliver ito

• sales, lease, instalment credit agreement ;

• whether voluntary/compulsory/by operation of law;

- including barter exchange transactions and expropriation of

property

- must have 2 parties:

supplier

and receiver of goods/services

- s 8: deemed supplies

- s 18(3): fringe benefits