Page 24 - P6 Slide Taxation - Lecture Day 3 - VAT Part 2
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12.4.2. Fringe Benefit: Value of supply [s 10(13)]
Value = Cash equivalent x 14/114 x % taxable supplies
= Value – consideration paid by employee
Right of use of a vehicle:
- Government Notice No. 2835:
“See SAICA legislation handbook on p. 621”
Calculation of output = 5 steps
