Page 30 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1
P. 30
Calculation of output tax - example
Vendor Ltd’s sales (all standard-rated taxable
supplies) for a specific tax period amounted to R45
600 (including VAT).
You are required to calculate output tax in
respect of the supplies.
R45 600 x 14/114 = R5 600
