Value Added Tax

Term	Definition
Value Added Tax	(VAT) Tax on goods that is levied on the value added that results from each exchange. If the seller is a "VAT Vendor", VAT may be payable and not A tax levied by the government on the transfer of land. If the purchase price includes VAT no transfer duty is payable. Afrikaans - Hereregte ">transfer duty, or, if the Purchaser is a Vendor, transfer duty may be payable. Afrikaans - Belasting op Toegevoegde Waarde

Term

Definition

(VAT) Tax on goods that is levied on the value added that results from each exchange. If the seller is a "VAT Vendor", VAT may be payable and not A tax levied by the government on the transfer of land. If the purchase price includes VAT no transfer duty is payable. Afrikaans - Hereregte

">transfer duty, or, if the Purchaser is a Vendor, transfer duty may be payable. Afrikaans - Belasting op Toegevoegde Waarde