VAT exemption of transfers for control

By Euney Marie Mata-Perez

Apr 05, 2018 12:22 am

EUNEY MARIE MATA-PEREZ

Value-added tax, or VAT, is not a singular-minded tax on every transactional level. Its assessment bears direct relevance to the taxpayer’s role or link in the production chain. Thus, its imposition is intimately related to the regularity and consistency of the conduct of business in the ordinary course of trade.

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