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Input tax and output tax

input tax (namaligya ka )

output tax
vat= business tax and not income tax (they are for a different purpose

VAT is 12 percent of the selling prince

transitional input tax 2 percent
presumptive input tax 4 percent

output vat- is already part of your selling price (based on your purchases)

Train law vetoed provisions

-section 6(f) vetoed
-sec 31 (2) (i)(ii)
-sec.33 (8)(I)(ii)

what is vat ? Is also a percentage tax because there is a certain percentage charge on your purchases or
sales ( on every stage of disrtibution process)