Page 71 - ADVANCED TAXATION - Day 1 Slides

Example

The Needy Association, an association not for gain, received second-

hand clothes and glasses as donations from members of the public. The

Needy Association sells the clothes to the public for R10 a piece and

engraved the Association’s name on the glasses prior to selling them to

the public for R5 a glass.

Determine the output VAT consequences of the above.