> > I know consumers pay them and for some cases businesses, but I don't think > it gets charged if a retailer purchases something from a distributor or > another retailer. Does VAT get charged at every sale? > Our GST is a kind of VAT. It gets charged on every sale; businesses can claim a rebate (input credit) for GST paid. If I buy a computer for my business (or to resell), then there is 10% GST included in the price I pay. The GST component (1/11 of the bill) I can deduct from the GST I collect from MY clients. In some circumstances I can get a refund of GST - this might occur if I incur expenses establishing my business, fitting out my office and so on, but don't actually make (significant) sales in the period. -- Cheers John Summerfield Microsoft's most solid OS: http://www.geocities.com/rcwoolley/ Note: mail delivered to me is deemed to be intended for me, for my disposition. ============================== If you don't like being told you're wrong, be right! _______________________________________________ Redhat-devel-list mailing list Redhat-devel-list@redhat.com https://listman.redhat.com/mailman/listinfo/redhat-devel-list
