Article 39 - Value of specific Taxable Supplies � Nominal Supplies

1) If a supply of Goods or services is treated as a Nominal Supply by reason of its having been made without Consideration, or used for a purpose other than for Taxable Economic Activity, the value of that supply is the purchase price or cost of the Goods or services to the Supplier.

No Nominal Supply shall be treated as made if Input Tax was not deducted on the supply to the Supplier.

In cases where the purchase price or cost cannot be ascertained at the time of the supply, the value of such supply is the Fair Market Value.

2) The value of a Nominal Supply on the ceasing of an Economic Activity is the Fair Market Value of Goods which are retained on the date of deregistration, other than Goods on which Input Tax was not deducted by the Taxable Person.