Scribd Logo
Upload

Welcome to Scribd!

  • Untitled

    Uploaded by

    Natzirht Nolyab
    7 views1 page
    This document contains 7 questions about VAT (Value Added Tax) concepts for a student to research and understand: 1) Output VAT is the VAT charged on sales. 2) Input VAT is the VAT paid on purchases. 3) Deemed sales refer to supplies treated as taxable sales for VAT purposes. 4) VAT due is the output VAT collected minus input VAT paid. 5) Presumptive input VAT allows a percentage of input VAT claim without invoices. 6) Transitional input VAT refers to input VAT from the transition period to a VAT system. 7) VAT return forms are filed to report output VAT collected, input VAT paid and VAT due for the period.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document contains 7 questions about VAT (Value Added Tax) concepts for a student to research and understand: 1) Output VAT is the VAT charged on sales. 2) Input VAT is the VAT paid on purchases. 3) Deemed sales refer to supplies treated as taxable sales for VAT purposes. 4) VAT due is the output VAT collected minus input VAT paid. 5) Presumptive input VAT allows a percentage of input VAT claim without invoices. 6) Transitional input VAT refers to input VAT from the transition period to a VAT system. 7) VAT return forms are filed to report output VAT collected, input VAT paid and VAT due for the period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views1 page

    Untitled

    Uploaded by

    Natzirht Nolyab
    This document contains 7 questions about VAT (Value Added Tax) concepts for a student to research and understand: 1) Output VAT is the VAT charged on sales. 2) Input VAT is the VAT paid on purchases. 3) Deemed sales refer to supplies treated as taxable sales for VAT purposes. 4) VAT due is the output VAT collected minus input VAT paid. 5) Presumptive input VAT allows a percentage of input VAT claim without invoices. 6) Transitional input VAT refers to input VAT from the transition period to a VAT system. 7) VAT return forms are filed to report output VAT collected, input VAT paid and VAT due for the period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Seatwork 1

    Name:

    Research and understand the following: Others questions are on your Module in ION.

    1. What is Output Vat?

    2. What is Input Vat?

    3. What are deemed sales in the concept of tax?

    4. What is Vat Due?

    5. What is presumptive input Vat

    6. What is Transitional Input Vat

    7. What is the Vat Return forms to accomplished or file Vat?

    You might also like