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

MRA The Value Added Tax Act 62
SECOND SCHEDULE
(sections 2 and 25)
Amount of annual turnover ... ... ... ... ... ... 10 million rupees 234*
________
THIRD SCHEDULE
(section 4)
MATTERS TO BE TREATED AS SUPPLY OF GOODS OR SERVICES
1. The sale, transfer or disposal of a business is a supply of goods.
2. The grant, assignment or surrender of any interest in or right over land or of any
licence to occupy land is a supply of goods.
3. The transfer of an undivided share in movable or immovable property is a supply of
services.
4. Any transfer of the whole property in goods is a supply of goods; but the transfer -
(a)
(b)
of any undivided share of the property; or
of the possession of goods,
is a supply of services.
5. Goods produced by applying to another person’s goods a treatment or process is a
supply of goods.
6. Where the possession of goods is transferred -
(a)
(b)
under an agreement for the sale of the goods; or
under an agreement which expressly contemplates that the property
also will pass at some time in the future (determined by, or
ascertainable from, the agreement but in any case not later than when
the goods are fully paid for),
it is then in either case a supply of the goods.
7. Where by or under the direction of a person carrying on a business, goods held or
used for the purposes of the business are put to any private use or are used, or made
* Please refer to endnotes at Appendix Page 62 of 107