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I heard it somewhere, can’t find out what it actually is… Is it on exports?? how should it be treated?
Thanks in advance.
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 🙂
Thanks for the answer sir… 🙂
You are welcome 🙂