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  • HW9

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    lidibarv
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    The document summarizes the taxable and non-taxable revenue sources for a company as well as the direct and administrative costs associated with each. It then calculates what percentage of total activities are exempt to determine if separate accounting is required. Finally, it shows the recoverable and non-recoverable input VAT amounts based on the allocation of direct and administrative costs to taxable and exempt activities.

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    The document summarizes the taxable and non-taxable revenue sources for a company as well as the direct and administrative costs associated with each. It then calculates what percentage of total activities are exempt to determine if separate accounting is required. Finally, it shows the recoverable and non-recoverable input VAT amounts based on the allocation of direct and administrative costs to taxable and exempt activities.

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    Download as XLSX, PDF, TXT or read online from Scribd
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    8 views2 pages

    HW9

    Uploaded by

    lidibarv
    The document summarizes the taxable and non-taxable revenue sources for a company as well as the direct and administrative costs associated with each. It then calculates what percentage of total activities are exempt to determine if separate accounting is required. Finally, it shows the recoverable and non-recoverable input VAT amounts based on the allocation of direct and administrative costs to taxable and exempt activities.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    Taxable revenue

    Non-taxable (exempt) revenue – services to foreign customers


    Non-taxable (exempt) revenue from sale of securities
    Direct current purchases related to taxable activities
    Direct current purchases related to non-taxable activities
    Administrative indirect depreciation, gross salaries and obligatory insurance contributions (IC)
    Administrative indirect current purchases
    RR 5% test (significance) RR
    242400000 Costs directly related to exempt sales 1800000
    84000000 Share of admin related to exempt sales 37.85%
    39000000 Admin costs related to exempt sales 75503076.92
    12000000 Total costs related to exempt sales 77303076.92
    1800000 Total costs for Q1 211300000
    237000000 Share of exempt activities 36.58% >5%
    2400000
    Separate accounting
    Recoverable input VAT: RR
    On direct costs 2000000
    On administrative costs 24799384.62
    Total recoverable input VAT 26799384.62

    Non-recoverable VAT on purchases: RR


    On direct costs 300000
    On administrative costs 15100615.38
    Total non-recoverable input VAT 15400615.38

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