Page 104 - ADVANCED TAXATION - Day 1 Slides
P. 104
Example: Second Hand Goods Exported
ABC CC buys scrap metal from a non-vendor for R6 000 and claims a
deemed input tax deduction of R737 (R6 000 × 14/114).
Explain the VAT consequences if:
(a) ABC CC exports the goods for R7 000, and
(b) ABC CC exports the goods for R4 000.
