Patents Act, 1978
R 385
Value-Added Tax Act, 1991 (Act No. 89 of 1991)RegulationsVAT Regulations for Casino Table Games of Chance - effective 1 January 20252. Accounting of VAT on the VAT201 |
A casino may account for VAT on their VAT returns in in respect of table games of chance, on the “gross gaming revenue”, for the relevant tax period, subject to the following
| (a) | Gross gaming revenue in respect of table games of chance must be included in field 1 of the VAT return, with the tax fraction applied to that amount reflected in field 4. |
| (b) | Casinos are not entitled to any deductions under section 16(3)(d) of the Act if such amount has been included in calculating the gross gaming revenue. |
| (c) | Casinos are required to maintain adequate records to enable the Commissioner to verify the validity and accuracy of the tax liability calculated and included in the VAT return as set out above, and in particular, the records for the purpose of audits conducted by the provincial Gaming Boards. |
