Question
In general, transaction taxes are easy to administer and collect. true or false Canada uses the Invoice-Credit Value Added Tax method for GST/HST true or
In general, transaction taxes are easy to administer and collect.
true or false
Canada uses the Invoice-Credit Value Added Tax method for GST/HST
true or false
The GST is a commodity tax and is not applicable on services.
true or false
In a retail business, input tax credits for merchandise are calculated on the amount of purchases, not on the cost of goods sold.
true or false
A major advantage of using an invoice-credit VAT system as opposed to an account-based VAT approach is that this approach does not rely on an accounting measurement of income.
true or false
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