ABCD Limited started a business to manufacture plastics on 1 April 2021.It was registered on 1 April

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ABCD Limited started a business to manufacture plastics on 1 April 2021.It was registered on 1 April 2021 On 30 August 2021, they sold the old machine and replaced it with a new one. The company received R150 000 as proceeds.

The turnover for the year ended 28 February 2022, is R865 000 (excluding the proceeds from the above sale)

Does ABCD Limited qualify for turnover tax?

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Ethical Obligations And Decision Making In Accounting Text And Cases

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6th Edition

Authors: Steven Mintz

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Posted Date: Nov 20, 2023 08:04 AM

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ABCD Limited started a business to manufacture plastics on 1 April 2021.It was registered on 1 April

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Ethical Obligations And Decision Making In Accounting Text And Cases

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