If you are buying something in order to sell it for a better price, you do have a business. In betwen this process, you can also first add value to the item you purchased, in order to get a better price when selling. Example: Buy seed - Plant in the soil and...
category:
Financial Management
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Future of this zero-rating
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(1) (a) of Act No.43 of 2014 with effect from date determined by the Minister to notice in the Gazette which notice may not be published earlier the promulgation of that Act – date not determined.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...
Operations
Taxation of farming operations Assessed losses (natural persons) Diesel refunds Farm workers: minimum wage Special income tax provisions VAT Farming Operations Zero-rating of agricultural produce Zero-rate input costs Special VAT category for farmers ...
How do I access the Diesel Refund Scheme?
Farming is a qualifying activity under the Diesel Refund Scheme. Most farming enterprises will qualify to be registered for the Diesel Refund Scheme. The person carrying on the farming enterprise may therefore apply for registration for...
Zero rated supplies
To assist farmers with their cash flow, many of the products which are used or consumed in the course of conducting a farming enterprise are zero-rated, or exempt from VAT on importation. Some examples of goods that may be purchased at the zero rate are – Animal feed;...