Page 96 - F6 Slide - Taxation - Lecture Day 4
P. 96

Second-hand Goods Exported











            Zero rating N/A if notional input was claimed


             by vendor/connected person of the vendor










           Value of supply                                                     purchase price of supplier







                                                                          Greater of purchase price to
             If supplier purchased                                        vendor/connected person

                      goods from


                connected person

             who claimed deemed                                                                       Zero-rating only

                            input                                                                   applies to mark-up
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