Page 80 - ADVANCED TAXATION - Day 1 Slides

Solution

(a) Full supply at standard rate (R500 × 4 × 14%) – output tax

280

(b) Supply of the post box that is included in the all-inclusive daily rate –

output tax nil

Supply of commercial accommodation together with domestic goods

and services (R500 × 35 × 60% × 14%) – output tax 1 470