Page 61 - ADVANCED TAXATION - Day 1 Slides

Zero-rated Supply: Other

 Supply of goods and services for use for agricultural or
other farming purposes (s 11(1)(g))

 Example: seed, feed, fertiliser, etc.
 Supply of gold coins issued by the Reserve Bank (s
11(1)(k))

 Example: Kruger Rands
 Certain basic foodstuffs (s 11(1)(j))

 Example: brown bread, maize meal, samp, mealie rice, rice, pilchards,
milk and milk powder, fresh fruit and vegetables (including mealies,
but excluding popcorn), vegetable oil (excluding olive oil), eggs and
lentils
 The supply of fuel levy goods (ss 11(1)(h))

 Example: petrol and diesel
 Charging of municipal rates by municipality (ss 11(1)(w))

 Property rates and taxes @0%
 Water, electricity, refuse removal @ 14%
 If charged @ flat rate – not zero rated TAXC221
Study SILKE
32.10.4