Demystifying the Value-Added Tax Act implications of fixed property transactions in South Africa

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dc.contributor.authorHassan , Muneer E.
dc.contributor.authorBornman , Marina
dc.contributor.authorSawyer, Adrian
dc.date.accessioned2024-11-07T22:16:24Z
dc.date.available2024-11-07T22:16:24Z
dc.date.issued2024
dc.description.abstractThe South African Value-Added Tax (VAT) Act lacks a logical structure for fixed property transactions, making it difficult to teach, apply and administer. This study examines the organisational structure of the VAT Act as an element of legal complexity. The study establishes guidelines to simplify VAT implications for fixed property transactions. Semi-structured interviews were conducted following a literature review. Research shows that improving statute structure, layout and organisation improves readability. This study confirms that the fixed property provisions of the VAT Act complicate the law, increasing compliance and administrative costs. The literature review and interview findings support the development of the guidelines to simplify complex transactions in the VAT Act. The principles in the guidelines include section grouping, headings and subheadings and clear signposting, and in this article these are applied to practically illustrate the VAT implications for fixed property transactions.
dc.identifier.citationHassan M, Bornman M, Sawyer A (2024). Demystifying the Value-Added Tax Act implications of fixed property transactions in South Africa. eJournal of Tax Research. 22(1). 126-148.
dc.identifier.urihttps://hdl.handle.net/10092/107382
dc.rightsAll rights reserved unless otherwise stated
dc.rights.urihttp://hdl.handle.net/10092/17651
dc.subjectfixed property
dc.subjectstatutory drafting
dc.subjectstructure
dc.subjectlayout
dc.subjectorganisation
dc.subjectdesign
dc.subjectcomplexity
dc.subject.anzsrc35 - Commerce, management, tourism and services::3501 - Accounting, auditing and accountability::350108 - Taxation accounting
dc.subject.anzsrc48 - Law and legal studies::4801 - Commercial law::480106 - Taxation law
dc.titleDemystifying the Value-Added Tax Act implications of fixed property transactions in South Africa
dc.typeJournal Article
uc.collegeUC Business School
uc.departmentDepartment of Accounting and Information Systems
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