WorksheetsVAT quiz
Total questions: 13
Worksheet time: 4mins
VAT is a tax charged on:
Wealth
Income
Profit
Consumption
A category C vendor has a tax period of:
2 months ending on odd months
2 months ending on even months
1 month ending every month
6 months ending on 28 February and 31 August
Bank charges are what type of supply?
Standard rated
Zero rated
Exempt
Not a supply
Interest charged on a credit card to a local resident is what type of supply?
Standard rated
Zero rated
Exempt
Not a supply
Interest charged on a loan by Standard Bank to a non-resident (living in Australia) is what type of supply?
Standard rated
Zero rated
Exempt
Not a supply
Input tax on the purchase of a motorbike by a vendor (making taxable supplies) would be denied:
True
False
Input tax on the purchase of a truck (delivery vehicle) by a vendor (making taxable supplies) would be denied:
True
False
Input tax on the purchase of a double cab light delivery vehicle (double cab 'bakkie') by a vendor (making taxable supplies) would be denied:
True
False
Input tax on the purchase of a taxi (15 seater vehicle) by a business transporting passengers within Pretoria would be denied:
True
False
Input tax on the purchase of a ambulance by a vendor (making taxable supplies) would be denied:
True
False
Rental charged on the letting of a office building is what type of supply?
Standard rated supply
Zero rated supply
Exempt supply
Not a supply
Rental charged on the letting of an apartment / flat for someone to live in is what type of supply?
Standard rated supply
Zero rated supply
Exempt supply
Not a supply
Rental charged on the letting of a hotel room for 5 nights is what type of supply?
Standard rated supply
Zero rated supply
Exempt supply
Not a supply
