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

MRA The Value Added Tax Act 14
(4) Where, in respect of a continuous supply of services, invoices are issued at
regular intervals and the rate of tax is varied, the rate of tax on the supply of those services
shall be varied as from the date of the variation. 52*
11. Zero-rating
(1) Where a taxable person supplies goods or services and the supply is zero-rated -
(a)
(b)
no VAT shall be charged on the supply; but
it shall in all respects be treated as a taxable supply, and
accordingly the rate at which VAT is treated as charged on the supply shall be nil.
(2) A supply of goods or services is zero-rated by virtue of this section if the
goods or services are of a description specified in the Fifth Schedule.
12. Value of taxable supplies
(1) For the purposes of this Act, the value of any taxable supply made by a taxable
person shall, subject to the other provisions of this Act, be determined in accordance with the
provisions of this section.
(2) If the supply is for a consideration in money, its value shall be taken to be
such amount as, with the addition of the VAT chargeable, is equal to the consideration.
(3) If the supply is for a consideration not consisting or not wholly consisting of
money, the value of the supply shall be taken to be the open market value of the supply.
(4) Where a taxable supply is not the only matter to which a consideration in
money relates, the supply shall be deemed to be for such part of the consideration as is
properly attributable to it.
(5) For the purposes of subsection (3), the open market value of a supply of goods
or services shall be taken to be the amount that would fall to be taken as its value under
subsection (2) if the supply were for such consideration in money as would be payable by a
person who has no relationship with any person which would affect that consideration.
(6) Where a supply of any of the goods specified in Part I of the Seventh Schedule
is made by a registered person - 53*
(a)
(b)
at the stage in the chain of distribution immediately before the stage of
retail, VAT shall be calculated on such value of the supply as excludes
the retail margin.
at the stage of retail, VAT shall be calculated on the value of the
supply as specified in paragraph (a).
(7) Where a supply of any of the goods specified in Part II of the Seventh
Schedule is made by a registered person - 54*
* Please refer to endnotes at Appendix Page 14 of 107