S.L. 406.21 Art. 2Definitions. Cap. 406.

(1) In these regulations, save as provided in sub-

regulation (2), all words and phrases shall have the meaning as prescribed in the Act.

(2) In these regulations, unless the context otherwise requires:

"the Act" means the Value Added Tax Act;

"economic links" has the meaning given in regulation 3(3);

"Group Reporting Entity" means the member of a VAT Group appointed as such pursuant to regulation 4;

"established" has the meaning given in article 2 of the Act;

"financial links" has the meaning given in regulation 3(3);

"member of a VAT Group" shall mean a person who forms part of a VAT Group registered as such in terms of these regulations and shall include the Group Reporting Entity;

"organisational links" has the meaning given in regulation 3(3);

"person" means a legal person and shall not include a physical person;

"Schedule" means the Schedule to these regulations as may be amended by the Commissioner from time to time by way of notice in the Gazette;

"VAT Group" means two or more persons who, pursuant to regulation 5, are registered under the Act as a single taxable person.