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Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

In a VAT chain, does an intermediate VAT-registered business buyer necessarily bear the entire passed-on input VAT permanently when the law allows it a substantiated input credit?

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Yes; all VAT is direct income tax on the buyer. No; because the buyer automatically becomes liable for the supplier's output return. No; the input-credit mechanism can affect the net economic burden. No; because VAT registration abolishes every tax.

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