The Tax Administration has the right to refuse to provide evidence of the source (s) of income used for a best judgement assessment if requested by the Tax Appeal authority. Select one: True or fales If the annual turnover for a person is less than a certain limit (the threshold) the person is not required to register for VAT. Select one: True False VAT is a charge borne only by businesses.  Select one: True False When the Input VAT is lower than the Output VAT you are entitled to a refund (VAT Refund)/ VAT credit?  Select one: True False A tax is any deduction taken from a person’s salary by the government: true or False

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter26: Tax Practice And Ethics
Section: Chapter Questions
Problem 39P
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  1. The Tax Administration has the right to refuse to provide evidence of the source (s) of income used for a best judgement assessment if requested by the Tax Appeal authority. Select one: True or fales
  2. If the annual turnover for a person is less than a certain limit (the threshold) the person is not required to register for VAT. Select one: True False
  3. VAT is a charge borne only by businesses.  Select one: True False

  4. When the Input VAT is lower than the Output VAT you are entitled to a refund (VAT Refund)/ VAT credit?  Select one: True False

  5. A tax is any deduction taken from a person’s salary by the government: true or False
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