Page 31 - ADVANCED TAXATION - Day 1 Slides

31
Example

Mrs Z carries on three different enterprises that only

make taxable supplies. All three enterprises are carried
on in her own name.

 Enterprise 1: Turnover of R360 000 for 12 months
(excluding VAT)

 Enterprise 2: Turnover of R320 000 for 12 months
(excluding VAT)

 Enterprise 3: Turnover of R340 000 for 12 months
(excluding VAT)

Determine whether Mrs Z is obliged to register
for VAT purposes if the above information

applies to the 12 months ending 31 December
2014.