What is the justification for exempting NPOs from VAT? Evaluate this justification.
Question:
What is the justification for exempting NPOs from VAT? Evaluate this justification.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
Exempting NonProfit Organizations NPOs from Value Added Tax VAT is a policy decision made by many governments around the world The justification for this exemption can be evaluated from various perspe...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Value Added Tax A Comparative Approach
ISBN: 9780521616560
1st Edition
Authors: Alan Schenk, Oliver Oldman
Question Posted:
Students also viewed these Business questions
-
What is the justification for including freight costs incurred in acquiring incoming goods in the cost of the inventory rather than simply treating the cost as an expense of the period? What is the...
-
What is the justification for discounting deferred tax liabilities under either comprehensive or partial allocation?
-
What is the justification for the doctrine of respondeat superior?
-
A mortgage loan officer uses math on a continual basis during the mortgage lending process. When a prospective borrower applies for a loan, many calculations are made: debt-to-income- ratio,...
-
1. A market is considered unconcentrated if the Herfindahl-Hirschman Index (HHI) is below _______and is highly concentrated if the HHI is at least ______. 2. For a market with four firms, each with a...
-
Harley built a concrete patio in her backyard. It is a free-form shape and she needs to find the area of it for property tax purposes. a. She takes a diagram of the patio and places it inside a 30-ft...
-
A hospital operating room needs to schedule three knee surgeries and two hip surgeries in a day. We denote a knee and hip surgery as \(k\) and \(h\), respectively. The number of possible sequences of...
-
Refer to Problem 2-28A. After completing the ledger in Problem 2-28A, prepare the following financial statements for Showtime Amusements Company: Requirements 1. Income statement for the month ended...
-
Given the economic devastation of natural disasters such as floods, what strategies can insurance companies and government entities utilize to meet their long term debt responsibilities?
-
Would the use of an addition type VAT, rather than the credit method, be desirable with respect to NPOs? Explain how it might work.
-
What is the VAT regime applicable to NPOs and governmental bodies in the Vatopia VAT and in New Zealand?
-
On June 30, Amano Corporation discontinued its operations in Mexico. On September 1, Amano disposed of the Mexico facility at a pretax loss of $640,000. The applicable tax rate is 25%. Show the...
-
You often see 1 kg = 2.2 lb. This expression means that (a) 1 kg is equivalent to 2.2 lb, (b) this is a true equation, (c) 1 lb = 2.2 kg, (d) none of the preceding.
-
Is the following statement reasonable? It took 300 L of gasoline to fill the cars tank. (Justify your answer.)
-
In order-of-magnitude calculations, you should (a) pay close attention to significant figures, (b) work primarily in the British system, (c) get results within a factor of 100, (d) express a quantity...
-
Which of the following has the greatest number of significant figures: (a) 103.07, (b) 124.5, (c) 0.09916, or (d) 5.408 105?
-
You have a quantity of water and wish to express this in volume units that give the largest value. Which of the following units should be used: (a) in3, (b) mL, (c) L, or (d) cm3?
-
Multiple Choice Questions 1. If a company has a $25,000 reduction in sales and an increase of $7,000 in fixed costs with a contribution margin ratio of 34 percent, by how much will net income change?...
-
6. (Potential Energy and Conservation of Energy) What should be the spring constant k of a spring designed to bring a 1200-kg car to rest from a speed of 95 km/h so that the occupants undergo a...
-
Roger Corporation operates in two states, as indicated below. This year's operations generated $400,000 of apportionable income. Compute Roger's State A taxable income assuming that State A...
-
State E applies a throwback rule to sales, while State F does not. State G has not adopted an income tax to date. Clay Corporation, headquartered in E, reported the following sales for the year. All...
-
Quinn Corporation is subject to tax in States G, H, and I. Quinns compensation expense includes the following. Officers' salaries are included in the payroll factor for G and I, but not for H....
-
D. With RTS/CTS on an 802.11 network: 1. Is it possible for two nodes to send RTS packets at the same time? Is it still possible for two RTS packets to collide? If so, how? 2. What prevents a node...
-
Consider the following program. 1: x = 5 2: if y 1 goto Label3 3: Labell: 4: ww + 1 5: if y 2 goto Label3 6: Label2: 7: q = 3 8: if z < 1 goto Labell 9: Label3: 10: w: := 2 11: if z 1 goto Label2 12:...
-
Which line would this program crash with an error? Assume that the user enters 1 on line 01, 6 on line 02, 1 on line 03 and 2 on line 04. 01. 02. 03. = int (input ("yy?")) mm = SS = float...
Study smarter with the SolutionInn App