In these Regulations, unless otherwise indicated, any word or expression to which a meaning has been assigned in the Value-Added Tax Act, 1991 (Act No. 89 of 1991), bears the meaning so assigned, and—

"domestic reverse charge"

means the VAT charged at the standard rate on a taxable supply of goods, must be accounted for and is payable, on the supplier:'s behalf, by the recipient of the supply and is not payable by the supplier, if the—

"residue"

means any debris, discard, tailings, slimes, screening, slurry, waste rock, foundry sand, beneficiation plant waste or ash derived from or incidental to a mining operation;

[Definition substituted by Amendment Notice No. 4793, GG50642, dated 10 May 2024]

"the Act"

means the Value-Added Tax Act, 1991 (Act No. 89 of 1991);

"valuable metal"

means any goods in the form of jewellery, bars, blank coins, ingots, buttons, wire, plate, sponge, powder, granules, in a solution, sheet, tube, strip, rod, residue or similar forms, containing gold, including any ancillary goods or services but does not include supplies —

(a)

(b)        contemplated in section 11(1)(f), (k) or (m) of the Act;

(c)        of valuable metal containing less than 1 per cent of gold in gross weight; or

(d)        jewellery plated with gold where the gold is present as a minor constituent only.

[Definition substituted by Amendment Notice No. 5995, GG52295, dated 14 March 2025 - effective 1 April 2025]

"VAT"

means value-added tax.