What is VAT system?
I need to know the import of VAT and it's merits and demerits?
Answers:
VAT refers for Value added tariff. It is a structure of indirect due.
VAT should be compensated by marketer and concerned agent it eligible to receive credit of excise compensated by previous vendor.
MERITS: There is no extent for evasion.
For taking credit , a vendor required invoice of purchase
DEMERITS:Dealer required to profess up to date books of accounts & File return surrounded by time
It's grim!
Canadian living in Canada paying taxes to US for a US stock dividend.?
Tax question-will my daughter still be a dependant?
So at hand is NO income rates imperative?
How much will my web income will be if im single, living in ontario and unloading gross income of 52,000/year?
Can a US Corporation aquire an EIN (Tax ID) when it's simply Owner/Director is a Canadian Citizen?
Answers:
VAT refers for Value added tariff. It is a structure of indirect due.
VAT should be compensated by marketer and concerned agent it eligible to receive credit of excise compensated by previous vendor.
MERITS: There is no extent for evasion.
For taking credit , a vendor required invoice of purchase
DEMERITS:Dealer required to profess up to date books of accounts & File return surrounded by time
It's grim!