Page 103 - ADVANCED TAXATION - Day 1 Slides
P. 103

Second-hand Goods Exported








                           Zero rating N/A if notional input was claimed

                            by vendor/connected person of the vendor







                          Value of supply                                     purchase price of
                                                                              supplier



                                                                          Greater of purchase price to
                            If supplier purchased                         vendor/connected person

                                   goods from
                              connected person

                            who claimed deemed                                                 Zero-rating only
                                       input                                                 applies to mark-up
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