Page 40 - ADVANCED TAXATION - Day 1 Slides
P. 40

Calculation Of Output Tax - Example


         Vendor Ltd’s sales (all standard-rated taxable supplies) for a specific tax

         period amounted to R45 600 (including VAT).





         You are required to calculate output tax in respect of the

         supplies.





         R45 600 x 14/114 = R5 600
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