Basis of Assessment IN PARTICULAR Taxable Price property leasing For : 1. lease price For goods sold in installment and on account : up front 2. (total price less interest charge) payment For processing for export (labour + : processing fee 3. indirect materials + other costs) construction and For value of work performed 4. (which may or may not and handed over exclusive of VAT include the cost of materials depending on case by case) –
Basis of Assessment Taxable Price 1. For property leasing : lease price IN PARTICULAR 2. 3. 4. For goods sold in installment and on account : up front payment (total price less interest charge) For processing for export : processing fee (labour + indirect materials + other costs) For construction and value of work performed and handed over exclusive of VAT (which may or may not include the cost of materials – depending on case by case)
1012_VS-VAT%20Slides%20(Trainer).docx