Page 106 - ADVANCED TAXATION - Day 1 Slides
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Example: Connected Persons
A buys second-hand goods for R2 000 and claims a notional input tax
deduction of R246, then sells them to B, a connected person, for R1 800.
B claims an input tax deduction of R221 based on the tax invoice
provided by A. B exports the goods for R1 980.
Explain the VAT consequences in respect of the export.
