Page 25 - F6 Slide - VAT Part 4 - Lecture Day 5
P. 25
Example
An employer grants an employee the right of use of
a motor car fully used for taxable supplies. The
employer was unable to claim the input tax when
the vehicle was purchased for R159 600 (including
VAT). The employee bears the full cost of
maintaining the vehicle.
Calculate output tax for one month in
respect of the fringe benefit.
