Suppose you are drafting VAT legislation for your country. In defining the taxable person or registered person,
Question:
Suppose you are drafting VAT legislation for your country. In defining the “taxable person” or “registered person,” would you rely on:
a. The definition of business for income tax purposes.
b. The definition of industrial and commercial activities, as this definition may be found in your private law.
c. A completely independent definition for VAT purposes?
d. Or do you think you can do without the concept of “taxable person” and define the scope of the tax only by reference to the “taxable transactions”?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Value Added Tax A Comparative Approach
ISBN: 9780521616560
1st Edition
Authors: Alan Schenk, Oliver Oldman
Question Posted: