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ANNEXURE I: FORMATIVE ASSESSMENT 2 QUESTION 3 (4 marks) Bright Bricks (Pty) Ltd ('Bright Bricks')...

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ANNEXURE I: FORMATIVE ASSESSMENT 2 QUESTION 3 (4 marks) Bright Bricks (Pty) Ltd ('Bright Bricks') is a resident of South Africa. Bright Bricks supplies bricks and other building materials to customers and only makes taxable supplies. Bright Bricks has a December financial year-end. The turnover for the 2023 year of assessment for Bright Bricks amounted to R1 350 000. Bright Bricks purchases material from suppliers who are all VAT vendors. REQUIRED: Briefly discuss whether Bright Bricks (Pty) Ltd should register for value-added tax. Support your answer with references to the relevant sections of the Value-Added Tax Act

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