About this document

VAT Exempt Sales and Computation Guide by Ester Sarong is a document available to read on EtoBox.

1. A VAT registered person engaged in a mix of taxable, zero-rated, and exempt transactions must properly allocate input VAT between the different transactions. Input VAT directly related to zero-rated or exempt sales cannot be claimed. 2. A VAT registered person can apply for a tax credit or refund of input VAT related to zero-rated sales within two years. They can also apply for any unused input VAT within two years of retiring or ceasing business. 3. VAT registered persons must issue VAT invoices or rec

Author

Ester Sarong

Language

EN