Page 34 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1
P. 34
Example
Gert Smit Construction (Pty) Ltd imported marble
that has a cost price and a value for customs duty
purposes of R120 000 from Zimbabwe. Import
surcharges of R5 600 were levied.
Determine the amount of the VAT levied on
importation.