Page 37 - F6 Slide - VAT Part 2 - Lecture Day 5
P. 37

Output Tax: Exempt Supplies (S 12)









         l










                    Donated goods and services (s 12(b))









            • Donations by an association not for gain OR

            • Goods being supplied were made/manufactured by


                  the association, provided that at least 80% of the value


                  of the materials used consists of donated goods.
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