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QUESTION 1
PART A
i. Transpaco (Pty) Ltd would have to compulsorily register for VAT if their taxable
supplies within the 12 month period exceeded R1 000 000.
Transpaco (Pty) Ltd could also voluntarily register for VAT if their taxable supplies
exceeded R50 000 within the 12 month period.
ii.
TRANSPACO (Pty) LTD
Calculation of VAT payable/refundable for the two month tax period ended 30 April
2021