Partial exemption: Difference between revisions

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''VAT.''  
''VAT.''  
A situation where a trader makes both taxable and exempt supplies and consequently may not be able to recover all the input VAT.
A situation where a trader makes both taxable and exempt supplies and consequently may not be able to recover all the input VAT.


== See also ==
== See also ==
* [[Exempt]]
* [[Exempt]]
* [[Input tax]]
* [[Input tax]]
* [[Value Added Tax]]


[[Category:Accounting,_tax_and_regulation]]

Latest revision as of 13:47, 15 July 2021

VAT.

A situation where a trader makes both taxable and exempt supplies and consequently may not be able to recover all the input VAT.


See also