Question: Assignment on Consumption Tax (Essay Type) 1. Explain how consumption tax is applied to the following scenario: a. Domestic consumption of goods - buyer
Assignment on Consumption Tax (Essay Type) 1. Explain how consumption tax is applied to the following scenario: a. Domestic consumption of goods - buyer purchase goods from a business establishment subject to percentage tax wherein invoice does not show any tax added thereon b. Domestic consumption of goods - buyer purchase goods from business establishment C. subject to percentage tax wherein invoice shows tax added thereon Domestic consumption of goods - buyer purchase goods from VAT registered business establishment wherein invoice shows VAT added thereon d. Foreign consumption of goods - seller passed-on VAT in the invoice 2. Who is the statutory taxpayer in each of the above stated scenario?
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