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A registered producer at VAT department sold product to wholesaler registered also for 5,000 L.E who sold it to a registered retailer with a profit
A registered producer at VAT department sold product to wholesaler registered also for 5,000 L.E who sold it to a registered retailer with a profit margin equal to 25% from the cost who sild it to the consumer for 7,000 if the VAT was 14%
Required:
- Determine the gross value of the invoice that issued b producer, wholesaler and retailer
- Determine the Tax Due that must be turned to VAT determine by producer, wholesaler and retailer
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