dc.contributor.advisor |
Van Zyl, S. P.
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dc.contributor.author |
Scholtz, Ricardo Christian
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dc.date.accessioned |
2019-11-18T09:02:10Z |
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dc.date.available |
2019-11-18T09:02:10Z |
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dc.date.issued |
2019 |
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dc.date.submitted |
2019-11-18 |
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dc.identifier.uri |
http://hdl.handle.net/10500/25988 |
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dc.description.abstract |
In this dissertation, I critically evaluate the VAT treatment of common partnership transactions that are encountered during the life of a partnership. Of great significance, is that at common law a partnership is not regarded as a person, but for VAT purposes it is treated as a separate person. This creates a strong dichotomy between the general legal nature, and the VAT character of a partnership transaction. The partnership and the VAT law dichotomy, is an important theme that runs through most of the thesis. Only once I have established the nature of the transaction for VAT purposes – whether in keeping with or differing from the common law – do I apply the relevant provisions of the VAT Act to determine the VAT implications of the transaction. An important general principle is that what is supplied or acquired by the body of persons who make up the partnership, within the course and scope of its common purpose, is for VAT purposes, supplied or acquired by the partnership as a separate person.
I conclude that there are difficulties and uncertainties regarding the application of the provisions of the VAT Act to various partnership transactions. For the sake of certainty and simplicity, I propose amendments to the current provisions that are relevant to partnership transactions, and also propose additional provisions. The proposed amendments seek to align with the purpose of the VAT Act and the principles upon which it is based, and also to adhere to internationally accepted principles for a sound VAT system. I also pinpoint those aspects of the VAT Act that can be clarified by the SARS in an interpretation statement.
I further identify issues that require more research, eg issues arising from a partnership’s participation in cross-border trade. |
en |
dc.format.extent |
1 online resource (x, 251 leaves) |
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dc.language.iso |
en |
en |
dc.subject |
Acquisition |
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dc.subject |
Agent |
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dc.subject |
Barter |
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dc.subject |
Capital contribution |
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dc.subject |
Consideration |
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dc.subject |
Contract |
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dc.subject |
Dissolution of a partnership |
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dc.subject |
Distribution |
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dc.subject |
Enterprise |
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dc.subject |
Expense |
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dc.subject |
Formation of a partnership |
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dc.subject |
Going concern |
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dc.subject |
Input tax |
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dc.subject |
Joint ownership |
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dc.subject |
Liquidation |
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dc.subject |
Tax neutrality |
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dc.subject |
Obligation |
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dc.subject |
Output tax |
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dc.subject |
Ownership |
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dc.subject |
Partner |
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dc.subject |
Partner’s share |
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dc.subject |
Partnership |
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dc.subject |
Partnership law |
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dc.subject |
Partnership profits |
en |
dc.subject |
Partnership property |
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dc.subject |
Payment, person |
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dc.subject |
Principal |
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dc.subject |
Reciprocal connection |
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dc.subject |
Reorganisation relief |
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dc.subject |
Transaction |
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dc.subject |
Set off |
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dc.subject |
Tax simplicity |
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dc.subject |
Supply |
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dc.subject |
Taxable activity |
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dc.subject |
Unincorporated body of persons |
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dc.subject |
VAT |
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dc.subject |
Vendor |
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dc.subject.ddc |
343.52662068 |
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dc.subject.lcsh |
Partnership -- Taxation -- South Africa |
en |
dc.subject.lcsh |
Value-added tax -- Law and legislation -- South Africa |
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dc.title |
A critical evaluation of the VAT treatment of transactions commonly undertaken by a partnership |
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dc.type |
Thesis |
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dc.description.department |
Mercantile Law |
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dc.description.degree |
LL. D. |
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