Page 94 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1
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Example: Second hand goods exported
ABC CC buys scrap metal from a non-vendor for R6
000 and claims a deemed input tax deduction of R737
(R6 000 × 15/115).
Explain the VAT consequences if:
(a) ABC CC exports the goods for R7 000, and
(b) ABC CC exports the goods for R4 000.
