Page 97 - F6 Slide - Taxation - Lecture Day 4

Example: Second Hand Goods Exported

ABC CC buys scrap metal from a non-vendor for R6

000 and claims a deemed input tax deduction of R737

(R6 000 × 14/114).

Explain the VAT consequences if:

(a) ABC CC exports the goods for R7 000, and

(b) ABC CC exports the goods for R4 000.