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    It Is A Regressive Tax It Is Imposed On The Sale of Goods and Services As Well As Importation of Goods It Can Be Shifted by The Seller To The Buyer

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    naztig_017
    VAT is an indirect tax because it is imposed on the sale of goods and services as well as importation of goods, though the impact of taxation falls on the seller. While it is considered a regressive tax, the incidence of taxation under VAT is actually on the buyer, as sellers are able to shift the tax burden to consumers.

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    It Is A Regressive Tax It Is Imposed On The Sale of Goods and Services As Well As Importation of Goods It Can Be Shifted by The Seller To The Buyer

    Uploaded by

    naztig_017
    29 views1 page
    VAT is an indirect tax because it is imposed on the sale of goods and services as well as importation of goods, though the impact of taxation falls on the seller. While it is considered a regressive tax, the incidence of taxation under VAT is actually on the buyer, as sellers are able to shift the tax burden to consumers.

    Original Description:

    Tax Review Question

    Original Title

    T45

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    VAT is an indirect tax because it is imposed on the sale of goods and services as well as importation of goods, though the impact of taxation falls on the seller. While it is considered a regressive tax, the incidence of taxation under VAT is actually on the buyer, as sellers are able to shift the tax burden to consumers.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    29 views1 page

    It Is A Regressive Tax It Is Imposed On The Sale of Goods and Services As Well As Importation of Goods It Can Be Shifted by The Seller To The Buyer

    Uploaded by

    naztig_017
    VAT is an indirect tax because it is imposed on the sale of goods and services as well as importation of goods, though the impact of taxation falls on the seller. While it is considered a regressive tax, the incidence of taxation under VAT is actually on the buyer, as sellers are able to shift the tax burden to consumers.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Question: VAT is an indirect tax because

    it is a regressive tax
    it is imposed on the sale of goods and services as well as importation of goods
    it can be shifted by the seller to the buyer
    the impact of taxation falls on the seller, while the incidence of taxation is on the buyer

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