- 5 Marks
Question
Section (33) of the Value Added Tax Act, 2013 (Act 870) states that; “Except as otherwise provided in this Act or Regulations, a taxable supply is a supply of goods or services made by a taxable person for consideration, other than an exempt supply, in the course of, or as part of taxable activity carried on by that taxable person”.
Required:
State THREE (3) activities that do not constitute supply of goods or services under the Value Added Tax Act, 2013 (Act 870). (5 marks)
Answer
The following activities do not constitute supply of goods or services under the Value Added Tax Act, 2013 (Act 870):
- The supply of money does not constitute the supply of goods.
- The transfer of goods to a person acting in a representative capacity for the transferor is not considered a supply of goods.
- The supply of services by an employee to an employer by reason of the employment is not considered a supply of services for VAT purposes.
- Tags: Non-Supply of Goods, Non-Supply of Services, Tax law, VAT Act 2013
- Level: Level 2
- Topic: Value-Added Tax (VAT), Customs, and Excise Duties
- Series: DEC 2023
- Uploader: Joseph