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  • Output Tax Alone Output Tax Less Lower of Actual Input Tax or 70% of Output Tax Input Tax Alone

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    naztig_017
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    Tax Review Question

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    T47

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    Tax Review Question

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    © All Rights Reserved
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    24 views1 page

    Output Tax Alone Output Tax Less Lower of Actual Input Tax or 70% of Output Tax Input Tax Alone

    Uploaded by

    naztig_017
    Tax Review Question

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Question: The VAT payable is computed by the following formula:

    output tax alone


    output tax less lower of actual input tax or 70% of output tax
    input tax alone
    output tax less input tax

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