Explain the role that a retailer plays in the collection of VAT.

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Fundamental Accounting

ISBN: 9781485112112

7th Edition

Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit

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Question Posted: Aug 30, 2023 03:45 AM

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Explain the role that a retailer plays in the collection of VAT.

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A retailer plays a crucial role in the collection of Value Added Tax VAT in many countries with a VAT system VAT is a consumption tax that is levied at each stage of the supply chain from the manufact...View the full answer

Fundamental Accounting

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