Exam (elaborations)
TAX3701 EXAM PACK
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SOLUTION 1: VALUE – ADDED TAX (VAT) (a) In terms of s23(1), a person is required to register: At the end of the month during which the total value of the taxable supplies for the preceding 12 months exceeded R1 000 000; At the beginning of the month, if it is anticipated that the tota...
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