VAT Rates
ARTIFICIAL INSEMINATION - A..I. STATION (Agricultural goods and services)
Rate
Reduced rate
Remarks
The Reduced rate applies if an A.I. Station is obliged to register in respect of sales of semen. If the taxpayer separates its business into two entities 1)Sale of semen and 2)Supply A.I. services, the supply of A.I. services by the A.I. station where they do not qualify as a farmer is taxable subject to the normal services threshold. A.I. income is excluded from reckoning for Agricultural services threshold. Section 6(1)(a)(i) refers.
Value-Added Tax Consolidation Act 2010 (VATCA 2010) Ref
Section: 46(1)(c) Schedule: 3 Paragraph: 10(2) and 10(3)