• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>

Sales tax

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Sales tax

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • October 28, 2021 at 3:25 am #639267
    James124
    Participant
    • Topics: 164
    • Replies: 136
    • ☆☆☆

    For an agent of tax authorities, Input tax is equal to output tax?
    Like our business is taking tax on behalf of tax authorities, and you said in videos, that consumer is the sales tax payer. So entire chain inbetween tax authorities to consumer, would have input tax equals to output tax?

    October 28, 2021 at 8:23 am #639286
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51875
    • ☆☆☆☆☆

    If you are meaning to ask if the total of the sales taxes suffered by the final consumer is equal to the total sales tax received by the state, then the answer is yes.

    However the terms input tax and output tax are completely irrelevant for the final consumer. The terms are used for the companies involved in proving the goods or service to the final consumer and it is them who pay over the tax bit by bit to the state.

    Watch my lecture again that shows the process of how a sheep ends up being made into a jumper.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

 

ACCA My Exam Performance for non-variant Applied Skills exams is available NOW

NEW! Download the ACCA Pass Guide

FREE Verifiable CPD for ACCA Members

ACCA mock exams and debrief videos

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

Donate

If you have benefited from OpenTuition please donate.

ACCA CBE 2023 Exams

Instant Poll * How was your exam, and what was the result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • John Moffat on Investment Appraisal – NPV, IRR – ACCA Management Accounting (MA)
  • Hi?n on Investment Appraisal – NPV, IRR – ACCA Management Accounting (MA)
  • Ken Garrett on ACCA AB Chapter 19 – Macroeconomics – Questions
  • Ken Garrett on ACCA AB Chapter 19 – Macroeconomics – Questions
  • Ken Garrett on ACCA AB Chapter 19 – Macroeconomics – Questions

Copyright © 2023 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy