Value Added Tax Act 1998 - The Mauritius Chamber of Commerce ...

MRA The Value Added Tax Act 105
VAT Act 1998:-
Seventh Schedule
(Sections 21(3) and 73)
Credit for input tax
Where the proportion of the value of taxable supplies to the total turnover is –
9/10 or more, credit for input tax shall be … … 100 per cent
between 7/10 to 9/10, credit for input tax shall be … 80 per cent
between 3/10 to 7/10, credit for input tax shall be … 50 per cent
less than 3/10 credit for input tax shall be
… NIL
For the purposes of this Schedule, the proportion shall be computed by reference to the value of taxable supplies
and the total turnover of the taxable person for the preceding accounting year.
273
FA 18/1999 – Eighth Schedule deleted w.e.f 07.09.98.
VAT Act 1998 :-
EIGHTH SCHEDULE
(SECTION 24)
Repayment of excess amount
Column 1 Column 2
Proportion of excess amount repayable-
Proportion of zero-rated supplies to
turnover of taxable supplies-
9/10 or more
between 7/10 to 9/10
between 3/10 to 7/10
less than 3/10
100 per cent
80 per cent
50 per cent
NIL
274
FA 2006 – Item 3 amended w.e.f 07.08.06.
VAT Act 1998 :-
3. Any religious body approved by the
Minister. 274
Goods (not being articles or materials intended either for
the construction, repair or furnishing of buildings used for
public worship or for the manufacture of things to be used
in connection with public worship) for actual use in
connection with public worship.
275
FA 2006 – Item 4 amended w.e.f 07.08.06.
VAT Act 1998 :-
4. The Mauritius Red Cross Society, the St
John’s Ambulance (Mauritius), Mauritius
Scouts Association, Mauritius Girl Guides
Association and any other society,
association or organisation approved by
the Minister. 275
Articles directly related to their normal activities, not
intended for sale.
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