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LEASE AND RENT TREATMENT IN V.A.T

Forums › ACCA Forums › ACCA TX Taxation Forums › LEASE AND RENT TREATMENT IN V.A.T

  • This topic has 0 replies, 1 voice, and was last updated 13 years ago by asadwasty.
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  • December 3, 2011 at 5:19 pm #50878
    asadwasty
    Member
    • Topics: 4
    • Replies: 8
    • ☆

    plz tell the treatment of VAT in case of fuel , lease, rent receive…
    for example:
    we have to calculte the payable or refundable amount,
    the question is :
    abc co. (3 MONTHS PERIOD)
    output vat: 100000
    input vat: 5000
    other information : abc co. granted a 4 year lease over one of its properties, under the term of lease, the monthly rent was 1800 and abc charged a lease premium of 6000. the option to tax has been exercised in respect of this building. (all figure are exclusive of vat……….

    and my secong questiion is : wht is the treatment of fuel provided to employee for business use, and for pvt. use….

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