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VAT - Highlights / Catch Notes

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Valuation - If taxable turnover is to be comprised of ...


Trade Discounts Post-Sale: Should They Be Included in Taxable Turnover? Clarity Needed on Current Practices.

January 19, 2017

Case Laws     VAT and Sales Tax     SC

Valuation - If taxable turnover is to be comprised of sale/purchase price, it is beyond one's comprehension as to why the trade discount should be disallowed, subject to the proof thereof, only because it was effectuated subsequent to the original sale - SC

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