Page 6 - P6 Slide Taxation - Lecture Day 3 - VAT Part 2
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11.2. Donated goods and services [s 12(b)] – KL 1
• Association not for gain supplies goods and services.
It will be exempt if:
• the goods and services were donated to association or
• goods were manufactured by association from ≥80%
donated goods
- What is an “association not for gain”? [Def. s 1]
Religious institution…
Educational institution…
… of a public character…
→ Refer Silke Example 32.20.on p. 1061
