Page 17 - F6 Slide - VAT Part 2 - Lecture Day 5
P. 17
Example
A bank in South Africa received professional advice
relating to their total business from a company
outside South Africa. The bank’s business entails the
making of both taxable and exempt supplies in a ratio
of 80:20. The non-resident company charges the bank
R60 000 for such services.
Determine the amount of the VAT that should
be levied.
