It may be advantageous for a trader whose turnover is below the legislated turnover limits under the sixth schedule to the V AT Act to...

      

It may be advantageous for a trader whose turnover is below the legislated turnover limits under the sixth schedule to the V AT Act to register for VAT voluntarily. Under what circumstances could this be beneficial?

  

Answers


Wilfred
i) Claim input tax
ii) Enjoys soft loan
iii) Improves the image of the company
Wilfykil answered the question on February 25, 2019 at 10:18


Next: Mrs. Carol Wasike is a practicing accountant working under the style and name of Wasike and Associates. Her firm is registered for Value Added Tax...
Previous: State the conditions which should be fulfilled before an exemption from payment of tax is granted under the V AT and Customs and Excise Acts.

View More CPA Advanced Taxation Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions