Proposed amendment: Para. (g) to be Deleted by s. 96 (1) (a) of Act No.43 of 2014 with effect from date determined by the Minister to notice in the Gazette which notice may not be published earlier the promulgation of that Act – date not determined.
- Edible legumes and pulse of leguminous plants, dried, whole, split, crushed, skinned or in powder form, but not further prepared or processed or where packaged as seed or such pulse as are described under separate Items in this PART.
- Eggs, being raw eggs laid by hens of the species gallus domesticus, whether supplied in their shells or in the form of egg pulp being raw pulp consisting of the yolk and white which is obtained from such eggs after the shells have been removed.
- Milk, including high-fat, full-fat, low-fat or fat-free milk, being the milk of cattle, sheep or goats that has not been concentrated, condensed, evaporated, sweetened, flavoured, cultured or subjected to any other process other than homogenization or preservation by pasteurization, ultra-high temperature treatment, sterilization, chilling or freezing or the addition of minerals, vitamins, enzymes and other similar additives not exceeding one per cent by volume of the final product, solely for the purpose of increasing the nutritional value.
- Fruit, not cooked or treated in any manner except for the purposes of preserving such fruit in its natural state, but excluding dehydrated, dried, canned or bottled fruit and nuts.
- Vegetables, not cooked or treated in any manner except for the purpose of preserving such vegetables in their natural state, but excluding dehydrated, dried, canned or bottled vegetables or such vegetables as are described under separate Items in this PART.
How to calculate VAT
11.1 Example 1: How to calculate the 15% VAT to add to the purchased amount when VAT is excluded.
- Expenditure for goods (VAT excluded) = R 100
- Vat @ 15 %: R 100 x 15% = R 15 (100 x 15÷100)
TOTAL AMOUNT PAYABLE + VAT 15% = R 115
- Example 2: How to calculate the 15% VAT if the VAT is included in the total expenditure.
- Expenditure for goods (VAT included) = R 230
- Vat @ 15 %: R 230 x (15÷115) = R 30
TOTAL COST with VAT EXCLUDED = R 200