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vat means value added tax
Establishment Costs Approximately R 2 850 000 Plus VAT
Eggs,bread,milk,fruits nad vegetables,fish and maize meal
A non-profit business or sometimes called a non-profit organization, is a organization that does any kind of volunteer work without getting paid for the work that was done
In many countries, products excluded from VAT to aid the poor typically include essential items such as basic foodstuffs (like bread, rice, and milk), medicines and medical supplies, children's clothing, public transportation services, and books. Other common exemptions may encompass utilities like water and electricity, as well as certain educational services. These exclusions aim to reduce the financial burden on low-income households and ensure access to basic necessities. The specific list of exempt products can vary by country and jurisdiction.
In Europe, there's a VAT ("value added tax") for all goods and services. In the United States, we have sales taxes rather than a VAT.
all included
In many countries a VAT (value added tax) is applied to all bills, much like sales tax here in the US. For foreigners visiting those places most all VAT is refundable, if applied for.
The types of VAT........ 1 ) INPUT VAT @ 4 % 2 ) INPUT VAT @ 1 % 3 ) INPUT VAT @ 12.5 % 4 ) OUTPUT VAT @ 1 % 5 ) OUTPUT VAT @ 4 % 6 ) OUTPUT VAT @ 12.5 %
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.
Not all limited companies are required to pay VAT. In the UK, for example, a limited company must register for VAT only if its taxable turnover exceeds the VAT registration threshold, which is currently £85,000. Companies below this threshold can choose to register voluntarily. Additionally, certain goods and services may be exempt from VAT, affecting a company's obligation to charge it.
To reclaim VAT, you need to be a registered business that has paid VAT on goods or services. You can reclaim the VAT by submitting a VAT return to the tax authorities, detailing the VAT you have paid and the VAT you have charged. This process allows you to receive a refund for the VAT you have paid.
VAT that is charged by a business and paid by its customers is known as "output VAT" (that is, VAT on its output supplies). VAT that is paid by a business to other businesses on the supplies that it receives is known as "input VAT
vat exclusive
no. because when customer is notpaing vat only he have vat exwmption only/
If the 545 is inclusive of VAT then the VAT element is 71.08, however if the 545 is exclusive of VAT then the VAT would be 81.75
Yes, a person who is not a VAT vendor is generally required to pay VAT on services received from a VAT vendor. The VAT is typically included in the price of the services, and the VAT vendor is responsible for collecting and remitting that tax to the government. However, if the recipient of the services is a consumer or business that is not registered for VAT, they cannot claim back the VAT paid.