How is the tax rate of the patent payable determined?

• How is business volume determined?
• In order to benefit from the discount on the license fee, when does the payment have to be made?
• What does taxable personal property mean?
• FIT2U gym made $15,000 in professional services. Your personal property is valued at $5,000. How much is taxable personal property?
• What transactions are subject to sales tax?
• What transactions are subject to use tax?
• When is the SUT paid?
• How is the SUT paid?

Answer rating: 100% (QA)

Answer 1 The tax rate for patent payable is determined based on the applicable tax laws and regulations in the jurisdiction where the patent is held I... View the full answer