Page 50 - ADVANCED TAXATION - Day 1 Slides
P. 50
Example
A bank in South Africa received professional advice relating to their total
business from a company outside South Africa. The bank’s business
entails the making of both taxable and exempt supplies in a ratio of
80:20. The non-resident company charges the bank R60 000 for such
services.
Determine the amount of the VAT that should be levied.
