Page 13 - ADVANCED TAXATION - Day 1 Slides

Introduction

 Levied ito Value-Added Tax Act 89 of 1991

 At what rate is VAT levied?

 VAT is an Indirect tax

What does

this mean?

User acquiring Supplier/Vendo SARS

goods/services r

 Prices must include VAT, unless specifically broken
1
down into value and VAT
3