Report Abuse. No they are NOT the same. Corn flour is the entire corn kernel milled into flour. It contains protein and fat as well. Corn starch is just that-starch. It is chemically seperated from the protein and other components of corn flour. However they can sometimes be used interchangeably, especially in soups and stews.
Introduction to VAT Recovery. VAT (Value Added Tax), is a tax that is charged on most business transactions in the European Union. Businesses add VAT to the price they charge when they provide goods and services to both business customers and final consumers. Business customers are entitled to recover the VAT they pay on their purchases in most cases.
VAT translates as the value that is added to the goods or serves. In a basic example â you buy a pencil for R3.00 and sell it for R4.00, you have added value of R1.00. So, to calculate the revenue collected by SARS (which you have to pay to SARS for being a Vat Vendor) â it is the Vat on R1.00.t is levied in terms of the Value-Added Tax Act 89 of 1991. The South African Value-Added Tax Act makes allowance for exemptions, exceptions, deductions and adjustments that effectively lower the VAT liability. VAT was imposed in 1991 at a statutory rate of 10%.