- This topic has 2 replies, 2 voices, and was last updated 3 years ago by
.
Viewing 3 posts - 1 through 3 (of 3 total)
- Posts
Hello sir. If a leased asset is used for private use, only 50% of VAT is deductible, right?
But if the question provides the percentage of private use, like 75%, then how much VAT will be deductible?
25% or 50% only?
In a question of BPP, they deducted only 25% but in ACCA technical article where they have mentioned the private usage of 70%, they HAVE STILL DEDUCTED ONLY 50%.please tell me about the same..
AND I AM SORRY. IN PLACE OF DEDUCTED, I MEAN TO SAY ALLOWABLE INPUT VAT.
Viewing 3 posts - 1 through 3 (of 3 total)
- You must be logged in to reply to this topic.