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    Manufacturer of Canned Goods Manufacturer of Packed Juices Manufacturer of Dried Fish

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    naztig_017
    A manufacturer of packed noodles is allowed a presumptive input value-added tax. Manufacturers of canned goods, packed juices, and dried fish are not eligible for the presumptive input VAT. The presumptive input VAT simplifies the VAT calculation for certain businesses by allowing them to assume a standard input tax based on their sales instead of tracking actual input taxes paid.

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    Manufacturer of Canned Goods Manufacturer of Packed Juices Manufacturer of Dried Fish

    Uploaded by

    naztig_017
    35 views1 page
    A manufacturer of packed noodles is allowed a presumptive input value-added tax. Manufacturers of canned goods, packed juices, and dried fish are not eligible for the presumptive input VAT. The presumptive input VAT simplifies the VAT calculation for certain businesses by allowing them to assume a standard input tax based on their sales instead of tracking actual input taxes paid.

    Original Description:

    Tax Review Question

    Original Title

    T41

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    A manufacturer of packed noodles is allowed a presumptive input value-added tax. Manufacturers of canned goods, packed juices, and dried fish are not eligible for the presumptive input VAT. The presumptive input VAT simplifies the VAT calculation for certain businesses by allowing them to assume a standard input tax based on their sales instead of tracking actual input taxes paid.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    35 views1 page

    Manufacturer of Canned Goods Manufacturer of Packed Juices Manufacturer of Dried Fish

    Uploaded by

    naztig_017
    A manufacturer of packed noodles is allowed a presumptive input value-added tax. Manufacturers of canned goods, packed juices, and dried fish are not eligible for the presumptive input VAT. The presumptive input VAT simplifies the VAT calculation for certain businesses by allowing them to assume a standard input tax based on their sales instead of tracking actual input taxes paid.

    Copyright:

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

    Question: Which of the following businesses is allowed a presumptive input value-added tax?

    Manufacturer of canned goods


    Manufacturer of packed juices
    Manufacturer of packed noodles
    Manufacturer of dried fish

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