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    Vat

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    Yan Lean Dollison
    Value-Added Tax is a form of sales tax levied on the sale, barter, exchange or lease of goods or properties and services in the Philippines and on importation of goods into the country. It is an indirect tax that can be shifted or passed on to the buyer, transferee or lessee of goods, properties or services. VAT is collected at each stage of production and distribution, with credit given for taxes paid on purchases of business inputs.

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    Vat

    Uploaded by

    Yan Lean Dollison
    42 views1 page
    Value-Added Tax is a form of sales tax levied on the sale, barter, exchange or lease of goods or properties and services in the Philippines and on importation of goods into the country. It is an indirect tax that can be shifted or passed on to the buyer, transferee or lessee of goods, properties or services. VAT is collected at each stage of production and distribution, with credit given for taxes paid on purchases of business inputs.

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    Value-Added Tax is a form of sales tax levied on the sale, barter, exchange or lease of goods or properties and services in the Philippines and on importation of goods into the country. It is an indirect tax that can be shifted or passed on to the buyer, transferee or lessee of goods, properties or services. VAT is collected at each stage of production and distribution, with credit given for taxes paid on purchases of business inputs.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    42 views1 page

    Vat

    Uploaded by

    Yan Lean Dollison
    Value-Added Tax is a form of sales tax levied on the sale, barter, exchange or lease of goods or properties and services in the Philippines and on importation of goods into the country. It is an indirect tax that can be shifted or passed on to the buyer, transferee or lessee of goods, properties or services. VAT is collected at each stage of production and distribution, with credit given for taxes paid on purchases of business inputs.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 1

    Description

    Value-Added Tax is a form of sales tax. It is a tax on consumption levied on the sale,
    barter, exchange or lease of goods or properties and services in the Philippines and on
    importation of goods into the Philippines. It is an indirect tax, which may be shifted or
    passed on to the buyer, transferee or lessee of goods, properties or services.

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