(1) Subject to subsection (2), the value of an import of services is the amount of the consideration for the import.
(2) Where —
(a) an import of services is made for no consideration or for a consideration that is less than the fair market value of that import; and (Substituted by Act 10 of 2012)
(b) the supplier and the recipient are related persons,
the value of the import is the fair market value of the import.
(3) Where a portion of the price of an import of services represents tax imposed by this Act that is not accounted for separately, the value of the import is the price reduced by an amount equal to the tax fraction multiplied by that price.