Page 3 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1
P. 3

Introduction







       Levied ito Value-Added Tax Act 89 of 1991



       At what rate is VAT levied?


       VAT is an Indirect tax








                            What does

                            this mean?








              User acquiring


              goods/services                               Supplier/Vendor                                          SARS







       Prices must include VAT, unless specifically broken

           down into value and VAT
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