Page 141 - ADVANCED TAXATION - Day 1 Slides
P. 141
Example
An employer grants an employee the right of use of a motor car fully
used for taxable supplies. The employer was unable to claim the input
tax when the vehicle was purchased for R159 600 (including VAT).
The employee bears the full cost of maintaining the vehicle.
Calculate output tax for one month in respect of the fringe
benefit.
