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Question 2 (40) A potential investor has approached you and is interested in knowing how the Value Added Tax (VAT) systems work in South Africa.

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Question 2 (40) A potential investor has approached you and is interested in knowing how the Value Added Tax (VAT) systems work in South Africa. Provide technical advice to the investor by creating a table with a list of goods and services that fall into the following VAT categories. a) Zero rated b) Exempt c) Non-Allowable or prohibited items d) Standard Rated Use the following format. Zero Rated Exempt Non-Allowable Standard Rated

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