What is Zero Tax? — OpenTuition Forums

FFehmeed10y ago

Hello Sir, I heard it somewhere, can't find out what it actually is... Is it on exports?? how should it be treated? Please help! Thanks in advance.

John MoffatTutor10y ago#1

It is on exports (but you do not need to know that - this is not a tax exam and it is not until F6 that you will be tested on the rules). However, if you are told that, for whatever reason, the rate of tax is 0% then everything is treated in the normal way we treat sales tax - it is simply that the figure for the tax will be zero :-)

FFehmeed10y ago#2

Thanks for the answer sir... :)

John MoffatTutor10y ago#3

You are welcome :-)

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