Page 28 - Chapter 32 VAT Part 2
P. 28
Right of use of a vehicle:
( [ (determined value x 0.3% of 0.6%)
- Amount paid by employee ] x 14/114 x % TS
4. Multiply with 14/114
5. Multiply with % taxable supplies
ANSWER = the output PER MONTH,
Thus, multiply with number of months that person
enjoyed the bfringe benefit.
