QUESTION 1: Mbete Manufacturing (Pty) Ltd - VAT Calculation
a. VAT Payable / Refundable Calculation
According to the provided information, the company is a registered VAT vendor with a two-month VAT
period ending on 28 February 2026. The standard VAT rate of 15% is applied.
, Transaction Workings Output Tax (R) Input Tax (R) Reason (if R0 impact)
R2 876 250 × 15%
1. SA Sales 431 437.50
R25 250 × 15%
1. Sales Return 3 787.50
R375 620 × 0% Direct exports are zero-
2. Export Sales 0
rated.
R17 589 Financial services are
3. Interest Received 0
exempt supplies.
R1 567 891 × 15%
4. Raw Wood 235 183.65
PDF
(R276 500 + 10% + R7 890) = R312 040 ×
10% uplift applies to non-
5. Imported Wood 15% 46 806.00
BLNS imports.
Indemnity payments
R293 250 × 15/115
6. Insurance Payout 38 250.00 trigger deemed output
tax.
a. VAT Payable / Refundable Calculation
According to the provided information, the company is a registered VAT vendor with a two-month VAT
period ending on 28 February 2026. The standard VAT rate of 15% is applied.
, Transaction Workings Output Tax (R) Input Tax (R) Reason (if R0 impact)
R2 876 250 × 15%
1. SA Sales 431 437.50
R25 250 × 15%
1. Sales Return 3 787.50
R375 620 × 0% Direct exports are zero-
2. Export Sales 0
rated.
R17 589 Financial services are
3. Interest Received 0
exempt supplies.
R1 567 891 × 15%
4. Raw Wood 235 183.65
(R276 500 + 10% + R7 890) = R312 040 ×
10% uplift applies to non-
5. Imported Wood 15% 46 806.00
BLNS imports.
Indemnity payments
R293 250 × 15/115
6. Insurance Payout 38 250.00 trigger deemed output
tax.
