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Question: Transitional Input Tax Rate Is

The document discusses transitional input tax rates and the definition of gross selling price for value-added tax purposes. It asks what the transitional input tax rate is, with the answer being 10%, and what is not included in the term "gross selling price", with the answer being excise tax.

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0% found this document useful (0 votes)

72 views1 page

Question: Transitional Input Tax Rate Is

The document discusses transitional input tax rates and the definition of gross selling price for value-added tax purposes. It asks what the transitional input tax rate is, with the answer being 10%, and what is not included in the term "gross selling price", with the answer being excise tax.

Uploaded by

Copyright

© © All Rights Reserved

We take content rights seriously. If you suspect this is your content, claim it here.

Available Formats

Download as DOCX, PDF, TXT or read online on Scribd

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Question: Transitional input tax rate is

12%
10%
4%
2%
Question: Which of the following is not included in the term gross selling price?
Total amount of money or its equivalent paid by the purchaser
Delivery, freight and insurance paid by the purchaser
Value-added tax passed on by the seller to the buyer
Excise tax

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