Page 45 - ADVANCED TAXATION - Day 1 Slides
P. 45

Solution








         Customs duty value                                                                   120 000

         Add: 10% of customs duty value                                                         12 000


         Add: Importation surcharges                                               5 600


                                                                                                            137 600

                                                                                                            × 14%


         VAT levied on importation                                                            19 264
   40   41   42   43   44   45   46   47   48   49   50