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DEDUCTIBLE VALUE ADDED TAX (VAT)

Started by Monirul Islam, July 30, 2018, 12:51:47 PM

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Monirul Islam

July 30, 2018, 12:51:47 PM
Deductible value added tax (VAT) is the VAT payable on purchases of goods or services intended for intermediate consumption, gross fixed capital formation or for resale which a producer is permitted to deduct from his own VAT liability to the government in respect of VAT invoiced to his customers.

Source: oecd.com
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