1. Explain how consumption tax is applied to the following scenario: a. Domestic consumption of goods...
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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 subject to percentage tax wherein invoice shows tax added thereon C. 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? 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 subject to percentage tax wherein invoice shows tax added thereon C. 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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Explanation of how consumption tax is applied to the following scenarios a Domestic consumption of goods buyer purchases goods from a business establi... View the full answer
Related Book For
South Western Federal Taxation 2015
ISBN: 9781305310810
38th Edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
Posted Date:
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