Belasting op toegevoegde waarde : gevolge van klientelojaliteits-programtransaksies vir verskaffers
Date
2013-10
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
AOSIS
Abstract
Client loyalty programmes are a common phenomenon in the South African market. Despite the fact that client loyalty programmes have been prevalent in South Africa since the 1980s, the South African
Revenue Service has issued minimal guidance on the value-added tax treatment of client loyalty programme transactions. The main objective of the research was to determine whether South African client loyalty programme suppliers correctly account for client loyalty programme transactions for value-added tax purposes. In order to meet this objective, available local literature was analysed to determine the proposed value-added tax treatment of a client loyalty programme transaction. The
proposed correct value-added tax treatment was compared with a survey circulated to a population of client loyalty programme suppliers in South Africa. The comparison indicated that in practice the
Value-Added Tax Act 89 of 1991 is not always interpreted correctly. This incorrect tax treatment could result in financial loss to the client loyalty programme supplier as taxpayer.
AFRIKAANSE OPSOMMING : Geen opsomming beskikbaar.
AFRIKAANSE OPSOMMING : Geen opsomming beskikbaar.
Description
CITATION: Brink, S. M. 2013. Belasting op toegevoegde waarde : Gevolge van kliëntelojaliteitsprogramtransaksies. Journal of Economic and Financial Sciences, 6(3):565-592.
The original publication is available at https://jefjournal.org.za
The original publication is available at https://jefjournal.org.za
Keywords
Customer loyalty programs -- Taxation -- South Africa, Value-added tax -- Law and legislation -- South Africa
Citation
Brink, S. M. 2013. Belasting op toegevoegde waarde: Gevolge van kliëntelojaliteitsprogramtransaksies. Journal of Economic and Financial Sciences, 6(3):565-592.