Page 131 - ADVANCED TAXATION - Day 1 Slides
P. 131

Apportionment Of VAT









         k                             Output VAT is never apportioned for % it

                                                   relates to taxable supplies








                                                        2 EXCEPTIONS:

                                                         • Fringe benefits

                                                     • Indemnity payments
                                         (Only to the extent it relates to taxable

                                                                supplies)
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