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SARS Draft IN Note: Leasehold Improvements and VAT

02 April 2012   (0 Comments)
Posted by: SAIT Technical
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DRAFT INTERPRETATION NOTE

ACT : VALUE-ADDED TAX ACT NO. 89 OF 1991 SECTIONS : SECTIONS 9(1), 9(3), 10(2) AND 10(4)

SUBJECT : LEASEHOLD IMPROVEMENTS

Purpose

This Note provides guidelines about the VAT treatment of leasehold improvements effected by a lessee to the immovable property of the lessor during the period of a lease agreement.

To access the Draft Interpretation Note, click here

Comments may be submitted to technical@thesait.org.za by 31 May 2012.


 

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