Page 28 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1
P. 28

Example











        Speedy purchased a motor car, a coffee machine for the

        canteen and a printer. He paid the following for these items:



       Motor car: R143 000 (including VAT – input tax denied)


       Coffee machine: R457 (including VAT – input tax denied)


       Printer: R6 900 (including VAT)



        He then sells all three items.






        Explain the VAT consequences relating to the


        purchase and sale of the motor car, coffee machine

        and the printer.
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