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Local sales for the period amounted to N$
Export sales for the period amounted to NS
The company issued a credit note of $ for sales returns.
Other standard rated purchases amounted to $VAT exclusive
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FACULTY OF COMMERCE, MANAGEMENT AND LAW OLD CURRICULUM MODULES
Assume that all amounts are VAT inclusive where applicable and that all parties are VAT vendors unless stated otherwise.
You are required:
Determine the VAT payable or refundable for the period ending June
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