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Item details
Category TRANSACTION TAX
Who are liable to pay Value Added Tax (VAT)?
Created Jun-5-2015
Owner admin
QUESTION Who are liable to pay Value Added Tax (VAT)?
ANSWER

The following are liable to pay VAT:

Those who are engaged in the business of selling, developing, leasing or sub-leasing of real property.
Those licensed to engage in real estate brokerage business based on their commission.