Page 5 - F6 Slide - Taxation - Lecture Day 4

Introduction

 Levied ito Value-Added Tax Act 89 of 1991

 At what rate is VAT levied?

 VAT is an Indirect tax

What does

this mean?

User acquiring

goods/services Supplier/Vendor SARS

 Prices must include VAT, unless specifically broken

down into value and VAT 5