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.