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NDC Vessel Sale VAT Ruling Summary by kaira marie carlos is a document available to read on EtoBox.
The Supreme Court ruled that the sale of five vessels from the National Development Company (NDC) to Magsaysay Lines was not subject to VAT. VAT applies only to transactions made in the ordinary course of trade or business. However, the sale was an isolated transaction outside NDC
- Author
- kaira marie carlos
- Language
- EN