Page 38 - F6 Slide - Taxation - Lecture Day 4
P. 38

Solution










         Customs duty value                                                                                 120 000


         Add: 10% of customs duty value                                                                        12 000



         Add: Importation surcharges                                                                             5 600



                                                                                                            137 600



                                                                                                            × 14%



         VAT levied on importation                                                                          19 264
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