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Whether or not there is VAT on sugar beans depends on the country and its specific tax regulations. In many countries, basic food items may be exempt from VAT or subject to a reduced rate, while in others, all goods including food products could be taxed. It's advisable to check the local tax laws or consult with a tax professional for the most accurate information regarding VAT on sugar beans in a specific jurisdiction.

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2mo ago

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Gross of vat and net of vat?

There is no such term as gross of VAT. The amount with VAT is called the gross amount while the net of VAT is the amount after the VAT has been deducted.


How do you calculate vat intput and output?

To calculate VAT input and output, first identify the VAT you paid on purchases (input VAT) and the VAT you charged on sales (output VAT). Input VAT is the tax included in the cost of goods or services acquired for business use, while output VAT is the tax collected from customers on sales. To determine the VAT you owe to the tax authorities, subtract the total input VAT from the total output VAT. If the output VAT exceeds the input VAT, you pay the difference; if the input VAT exceeds the output VAT, you may be eligible for a VAT refund.


Is net of vat is the same with vat inclusive?

vat exclusive


Is net of vat and vat inclusive the same?

No, net of VAT and VAT inclusive are not the same. "Net of VAT" refers to the price before any VAT is added, while "VAT inclusive" indicates the total price that includes VAT. For example, if a product costs $100 net of VAT and the VAT rate is 20%, the VAT inclusive price would be $120. Understanding the distinction is crucial for pricing and accounting purposes.


Can a vat vendor claim input vat on goods purchased from a non vat vendor?

Assuming that we are a registered VAT vendor, when we make a purchase from a non-VAT vendor we cannot claim any VAT input from the purchase due to the fact that no VAT was charged on the supply by the supplier who is a non-VAT vendor.

Related Questions

Does adding sugar to beans reduce gas?

Adding sugar to beans does not reduce gas.


Is sugar beans same as pinto beans?

Sugar beans and pinto beans are not the same, though they are similar. Sugar beans, also known as "sweet beans" or "black-eyed peas," are typically smaller and have a slightly sweeter flavor. Pinto beans, on the other hand, are larger, oval-shaped, and have a creamy texture when cooked. While they can sometimes be used interchangeably in recipes, they have distinct tastes and appearances.


Is there any corn products in jelly beans?

Yes. The basic ingredients of jelly beans include sugar, corn syrup and food starch.Yes. The basic ingredients of jelly beans include sugar, corn syrup and food starch.Yes. The basic ingredients of jelly beans include sugar, corn syrup and food starch.Yes. The basic ingredients of jelly beans include sugar, corn syrup and food starch.


What is in baked beans?

Lima beans, tomato, water, sugar, salt, caramel, pepper


What foods are high in protein beans fish margarine table sugar?

Beans and fish


Does freezing beans create more sugar in them?

No.


Do coffee beans naturally contain sugar?

Yes, there is natural sugar in coffee. The natural sugar in coffee is however very low. This therefore means that it has no health implications.


Which food digests fast sugar or beans?

Sugar will be broken down much faster than beans. Sugar is almost pure glucose so it is absorbed into the system within minutes. Whereas beans are highly concentrated carbohydrates which take longer to break down to be absorbed by the body for fuel. As for quality, beans are the better choice.


What makes homemade beans turn a dark color when baked?

If you're making baked beans, the dark color probably comes not from the beans themselves, but the sugar in the recipe. You can use molasses, brown sugar, or a combination.


What is the result of lima beans lima slow simmered in sugar?

The result is candied lima beans


Are pinto beans the same as red speckled sugar beans?

Pinto beans and red speckled sugar beans are not the same, although they are similar. Pinto beans are a specific variety of common beans (Phaseolus vulgaris) known for their beige color with reddish-brown speckles. Red speckled sugar beans, on the other hand, refer to a specific heritage variety that may have similar coloration but can differ in taste and texture. While they can be used interchangeably in some recipes, they are distinct varieties with their own characteristics.


What are five foods from Brazil that get exported?

soy beans. orange juice. coffee. sugar. coco beans.