What should a VAT taxpayer who performs hybrid acts (that is, taxed, exempt and non-object) do to
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Question:
What should a VAT taxpayer who performs hybrid acts (that is, taxed, exempt and non-object) do to comply with the obligation to keep accounting?
a. Open general ledger accounts for each case and for each rate (0%, 16%, exempt and non-object).
b. Only make the separation of acts or activities that are taxed at the rate of 16%
c. Make a separation of taxable, exempt and non-object acts, as well as creditable VAT.
d. Do not make any separation of the acts recorded in your records.
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ISBN: 9781506388595
1st Edition
Authors: Alfred A. Marcus, Timothy J. Hargrave
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