Rate of exchange determines taxable value; use applicable reference rate on the time of supply. The rate of exchange for determination of value of taxable goods or services shall be the applicable reference rate for that currency as determined by the ... Summary
Rate of exchange determines taxable value; use applicable reference rate on the time of supply.
The rate of exchange for determination of value of taxable goods or services shall be the applicable reference rate for that currency as determined by the monetary authority on the date or time of supply in respect of such supply in terms of sections 12 or 13 of the Act.
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