Page 67 - ADVANCED TAXATION - Day 1 Slides

Output Tax: Exempt Supplies (S 12)

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Financial services (ss 2 and 12(a))

SILKE

Examples: 32.11.1
• issue of a loan,

• sale of shares
• interest paid

NOT financial services:

• Fee based financial services
e.g. Bank charges

• Supply of a cheque book