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

MRA The Value Added Tax Act 11
(b)
at the time payment for that supply is received by the supplier,
whichever is the earlier.
(2) Where services are supplied for a continuous period under any enactment or
agreement which provides for periodic payments, the services are treated as successively
supplied for successive parts of the period as determined by the enactment or agreement and
each successive supply shall be deemed to take place -
(a)
(b)
at the time an invoice or a VAT invoice in respect of that supply is
issued by the supplier; or
at the time payment for that supply is received by the supplier,
whichever is the earlier.
(3) Where a taxable supply is made -
(a)
(b)
under a hire purchase agreement, the supply shall be treated as a
supply of goods and it shall be deemed to be supplied at the time the
agreement is made; or
under a lease agreement, the supply shall be treated as a supply of
services and it shall be deemed to be supplied -
(i)
(ii)
at the time an invoice or a VAT invoice in respect of that
supply is issued by the supplier; or
at the time payment for that supply is received by the supplier,
whichever is the earlier.
(4) Where any goods specified in Part II of the Seventh Schedule are supplied at
the stage in the chain of distribution immediately before the retail stage, the time of supply of
those goods shall, subject to subsection (1), be treated, for all intents and purposes, as if the
supply at the retail stage has taken place. 41*
(5) Notwithstanding the other provisions of this section, the Minister may ,by
regulations, make provision with respect to the time at which a supply is to be treated as
taking place in cases where it is a supply of goods or services for a consideration, the whole
or part of which, is payable periodically or from time to time, or at the end of any period.
6. Application of the Act
(1) This Act shall bind the State.
(2) Where in any enactment or agreement made before or after the
commencement of this Act, it is provided that notwithstanding any other enactment a
statutory corporation or any other person shall be exempt from the payment of the whole or
part of any tax, that provision shall not be construed as an exemption from the payment of
VAT under this Act.
* Please refer to endnotes at Appendix Page 11 of 107