Post Reply 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Tax on supplies
06-12-2014, 12:45 AM
Post: #3
RE: Tax on supplies
According to section 153(3), Tax deducted under section 153(1)(a) [on supplies], shall only be adjustable if the recipient is (i)a company AND 9(ii) that such company is either manufacturer of such goods or a listed company

So where company is a manufacturer, tax deducted on supplies is NOT final tax.
Where a company is a listed company, tax deducted on supplies is NOT final tax
Where company is trader, tax deducted on supplies is final tax.

I agree with this reply , it is a satisfied one.
Find all posts by this user
Quote this message in a reply
Post Reply 

Messages In This Thread
Tax on supplies - Information Consultant - 12-15-2011, 03:37 AM
RE: Tax on supplies - Julia Roberts - 06-12-2014 12:45 AM
[] - student_of_law - 12-15-2011, 03:05 PM

Forum Jump:

User(s) browsing this thread: 1 Guest(s)