Page 7 - F6 Slide - VAT Part 2 - Lecture Day 5
P. 7
Calculation Of Output Tax - Example
Vendor Ltd’s sales (all standard-rated taxable
supplies) for a specific tax period amounted to R45
600 (including VAT).
You are required to calculate output tax in
respect of the supplies.
R45 600 x 14/114 = R5 600
