
VAT
Authored by Carel Steinmann
Business
10th Grade
Used 130+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the current standard VAT rate in South Africa today?
28%
14%
15%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which item will not be regarded as a Zero rated item.
Bread
Fruit and Vegitables
Milk and milk products
Meat
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who will be liable for the full amount of VAT?
Consumer
Business
Government
Producer
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following will be seen as a standard VAT rate item?
Data
School fees
Petrol
Cooking oil
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When will a business be compelled to register as a VAT vendor.
When turnover is more than 1 million rand
When sales is less than 1 million rand
When the business makes a turnover of more than 50 000
All of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When will a business register as a voluntary VAT vendor?
When turnover is more than 1 million rand
When sales is less than 1 million rand but more than R50 000.
When the business makes a turnover of more than 50 000
All of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When will a business not be allowed to register as a VAT Vendor?
When turnover is more than 1 million rand
When sales is less than 1 million rand
When the business makes a turnover of less than 50 000
All of the above
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