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Post by account_disabled on Dec 9, 2023 0:06:02 GMT -7
Import or production of these goods or their component parts. IMPORTANT - the above regulation shows that the tax obligation arises not only in the event of deduction of input tax on the purchase of the transferred goods, but also in the event of its production - deduction when purchasing raw materials for production or import. As rightly indicated in the literature on the subject, the purpose of this provision is to ensure that the transfer or, more broadly speaking. Use - by a taxpayer of goods constituting property related to his business activity will be subject to taxation, so as to avoid untaxed use of goods that were intended to be used for purposes related to with business activity. IMPORTANT - the philippines photo editormere issue of a gift by an employer to an employee free of charge is not subject to taxation if such activity is not related to taxable activity. You can read more about the free transfer of goods here. Transfer of goods for the employee's personal purposes The above-analyzed provision of Art. paragraph The VAT Act applies only to the transfer and consumption of goods to who are in specific relationships with the taxpayer. Moreover, the provisions of the VAT Act do not define personal needs, but it can be assumed that personal needs are those that are in.
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