VAT vendor definition
Examples of VAT vendor in a sentence
VAT will only be payable by the Municipality on exported energy where the Customer is registered with the South African Revenue Service (SARS) as a VAT vendor.
The Service Provider is a registered VAT vendor in terms of the Value Added Tax Act, 1991.
By way of clarification it is explained that if the Seller is a VAT vendor the Mandate Price will be assumed to include VAT.
No transfer duty is payable as the Seller is a registered VAT vendor for purposes of this transaction.
If the Seller is not a VAT vendor then the Mandate Price will not include VAT.
Value Added Tax shall be recoverable by the Lessor for the Lessee in addition to the Rent, should the Lessor become obliged to register as a VAT vendor.
Any business registered as a VAT vendor in South Africa, and which acquires any taxable goods or services, will effectively incur no VAT cost, since any VAT payable is fully reclaimable.
If the Landlord is a VAT vendor, the Tenant shall pay any value added tax charged at the rate or rates applicable from time to time in respect of rentals, and all other charges contemplated in this lease for which Tenants are responsible and/or supplies of taxable goods and/or services, referred to herein, as determined in terms of the Value Added Tax Act, Act 89 of 1991 as amended from time to time.
It is incumbent upon the bidder to ensure their own Tax Compliance status is maintained for the duration of Bid Validity period; non-tax compliant bidders will be disqualified VAT must be included in all prices (VAT vendor must be registered).
Should the Intermediary not produce proof of any registration as a VAT vendor to Clientèle upon signature by the Intermediary of this Agreement, then Clientèle shall be entitled to pay any fees to the Intermediary exclusive of VAT.