Page 38 - ADVANCED TAXATION - Day 1 Slides
P. 38

Example





                         Speedy purchased a motor car, a coffee machine for the

                         canteen and a printer. He paid the following for these
                         items:


                        Motor car: R143 000 (including VAT – input tax denied)

                        Coffee machine: R457 (including VAT – input tax denied)

                        Printer: R6 900 (including VAT)

                         He then sells all three items.





                         Explain the VAT consequences relating to the

                         purchase and sale of the motor car, coffee machine
                         and the printer.
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