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Which is subject to VAT? Distribution of ordinary assets to stockholders by a corporation. Personal consumption of capital assets. Donation of capital assets Transfer of
Which is subject to VAT? Distribution of ordinary assets to stockholders by a corporation. Personal consumption of capital assets. Donation of capital assets Transfer of ordinary assets in exchange for shares of stock to gain control over the corporation. Question 13 Any person who elects to be a VAT-registered person shall be allowed input tax on his beginning inventory of goods, materials and supplies equivalent to: 2% of the value of such inventory or the actual VAT paid, whichever is higher. 2% of the value of such inventory or the actual VAT paid, whichever is lower. 2% of the value of such inventory. actual VAT paid on such inventory
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