Page 61 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1
P. 61
Example
The Needy Association, an association not for gain,
received second-hand clothes and glasses as
donations from members of the public. The Needy
Association sells the clothes to the public for R10 a
piece and engraved the Association’s name on the
glasses prior to selling them to the public for R5 a
glass.
Determine the output VAT consequences of
the above.
