Discuss the VAT regime in Trinidad and the impact of VAT on the countrys economy. A good

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Discuss the VAT regime in Trinidad and the impact of VAT on the country’s economy.

A good paper should cover, but not limited, to the following

: • VAT registration

• Time of supply

• Place of supply

• VAT rates

• VAT Filing requirements & reporting obligations • Penalties

• Legislative Authority of VAT

Ensure that all sources are properly referenced.

Kindly assist as much as possible - it is a tax-related question for an Accounting course

Related Book For answer-question

Principles of Marketing

ISBN: 978-0132167123

14th Edition

Authors: Philip Kotler, Gary Armstrong

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Posted Date: Apr 20, 2022 07:06 AM

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Discuss the VAT regime in Trinidad and the impact of VAT on the countrys economy. A good

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Expert Answer:

Valueadded tax VAT is a consumption tax on goods and services that is levied at each stage of the supply chain where value is added from initial production to the point of sale The standard rate of VA... View the full answer

Principles of Marketing

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