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