Page 33 - P6 Slide Taxation - Lecture Day 3 - VAT Part 1
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10. OUTPUT VAT: ZERO-RATED SUPPLIES [s 11]
- VAT levied at 0%
• ...but still a taxable supply.
• How does it differ from exempt
supplies?
• - Vendor still able to claim input tax on these
supplies. (1) Zero rated GOODS
s 11 (2) Zero rated SERVICES
(3) Documentation
