Page 36 - P6 Slide Taxation - Lecture Day 3 - VAT Part 1
P. 36
10.1.1. Direct exports [def par (a) and s 11(1)(a)(i)]] (continues)
- Zero rating applies even if delevired to a RSA client (resident)
at an address in an export country.
- NOTE: zero rate not applicable on supply of second-hand
goods where notional input was claimed [proviso to s 11(1)];
Output VAT = 14/114 x purchase price to supplier [s 10(12)]
*What if a connected person is part of the transaction?
- Will the following qualify as the “exportation of goods”?
