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VAT only applies to the purchase of products or services, it does not apply to the payment of other taxes.
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∙ 7y ago
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What is VAT inc?
Value Added Tax Included (in the overall price) Most businesses are exempt from VAT so sometimes the price is given Excluding VAT. VAT is currently 15%
Do you pay vat if the customer is vat exempt?
no. because when customer is notpaing vat only he have vat exwmption only/
What is standard vat?
A value-added tax (VAT) is a form of consumption tax.
Is vat a direct tax or indirect tax?
VAT- Value Added Tax is an indirect tax. It is also easier for the consumer to pay the amount in installments rather than paying a huge amount to the government for the betterment of economy. You can hire a VAT Tax agent in UAE from Flyingcolour Tax Services to get VAT advise for your business.
Differentiate between input VAT and output VAT?
Input VAT is the tax imposed on purchase whereas Output VAT is the tax charged on selling items
What is Vat input?
VAT stands for the Value Added Tax. The definition of input VAT is the tax that is added to the price when you buy services or goods liable to VAT.
What is the difference between vat exclusive and vat inclusive?
The difference between vat exclusive and vat inclusive is that vat exclusive is the price before tax is added on. Vat inclusive is the price after tax has been added on.
What are the full form of tax and vat?
tax is already a full form ... and VAT means VALUE ADDED TAX
Not tax exempt do i tax this?
Not tax exempt would mean that it is subject to taxes. Yes you would tax any thing that is not exempt from taxes in your business operation.
Is insulation tax exempt?
NO. Insulation material is not exempt from income tax.
What kind of tax is goods and service tax?
it is a tax based on value added...that is the same as VAT but the addition is that it converges service tax with VAT.
Is a LC small business tax exempt?
LC business be TAX EXEMPT NO NOT POSSIBLE FOR ANY TYPE OF LC BUSINESS TO BE TAX EXEMPT.
