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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

A buyer and seller agree between themselves that the buyer will economically bear a stipulated VAT amount on an otherwise taxable sale. They claim their cost-allocation agreement alone releases the seller from the statutory VAT obligations. Resolve.

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The sale becomes an export merely because the agreement says so. Every private agreement automatically substitutes a new statutory taxpayer. The buyer's promise repeals the Code. Private allocation of cost does not by itself discharge the seller's duties imposed by tax law.

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