All amounts given are total invoice costs/prices: L, non-VAT taxpayer, sells to M, VAT taxpayer P 67,200
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Question:
All amounts given are total invoice costs/prices:
L, non-VAT taxpayer, sells to M, VAT taxpayer P 67,200
M, VAT taxpayer, sells to N, VAT taxpayer 100,800
N, VAT taxpayer, sells to O, VAT taxpayer, an exporter 168,000
O, VAT taxpayer, exports 500,000
On the table below, kindly fill out the output tax, input tax, and VAT payable of L, M, N, and O.
L | M | N | O | |
Output Tax | ||||
Input Tax | ||||
VAT Payable |
Related Book For
Biochemistry Concepts and Connections
ISBN: 978-0321839923
1st edition
Authors: Dean R. Appling, Spencer J. Anthony Cahill, Christopher K. Mathews
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