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Why there is no VAT tax on loans/interests?

Posted 3+ months ago | 1 answers | 1 star | Open

Related topics: interest, product, tax, loans, banking

Answer posted by BondStreet 3+ months ago: Value Added Tax (VAT) is not typically applied to loans or the interest charged on these loans because VAT is a consumption tax levied on goods and services that add value. In the case of loans and interest: Non-Good or Service: Loans themselves are not considered goods or services. A loan is ...

How does QuickBooks Online Advanced streamline payroll and tax-related tasks?

Posted 3+ months ago | 1 answers | | Open

Related topics: online, tax

Answer posted by EmmaBall123 3+ months ago: QuickBooks Online Advanced can streamline payroll and tax-related tasks for Angels Business Consultants in the following ways: Automated Payroll Processing: QuickBooks Online Advanced offers automated payroll processing, making it easier for Angels Business Consultants to manage employee payrolls. ...

How much important Tax ?

Posted 3+ months ago | 1 answers | | Open

Related topics: detail, service, tax, services, accounting

Answer posted by skzmachinery 3+ months ago: Taxes are essential for the functioning and well-being of a society, as they enable governments to provide necessary services, address societal issues, and foster economic growth. Tax is an important aspect of a country's economy and plays a significant role in funding government operations ...

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