Bank takes deposits and makes loans. In addition, it provides checking accounts, safe deposit boxes, and estate
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Bank takes deposits and makes loans. In addition, it provides checking accounts, safe deposit boxes, and estate and financial planning services to its customers. Assuming that financial intermediation services are exempt from VAT, how should the statute treat the provision of Bank’s other financial services? If the value of checking account services is taxable, how should the value be calculated?
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Related Book For
Value Added Tax A Comparative Approach
ISBN: 9780521616560
1st Edition
Authors: Alan Schenk, Oliver Oldman
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