Page 36 - P6 Slide Taxation - Lecture Day 6 - Groups, Interest And Practice Questions

VAT

• If the provisions of section 47 of the Income

Tax are met, the entire liquidation will be a

non-supply for VAT purposes in terms of

section 8(25) of the VAT Act.

• The liquidating- and holding company are

deemed to be one person. There are no

additional requirements as with section 42

and 45.

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