Page 38 - P6 Slide Taxation - Lecture Day 3 - VAT Part 2

3. Value of supply: Entertainment [s 10(21)]

If supply entertainment and could not claim input [s 17], the

value = zero (even if to connected person)

4. Value of supply: Dual supplies [s 10(22)]

Single consideration for various supplies (of which some for

taxable supplies); payment apportioned to items (e.g. sell

private residence and the enterprise‟s computer)

5. Value of supply: Supply @ no consideration

Value = nil (except connected persons – refer s 10(4))

Example: Donations