Description of Tax Bills: S. 353 (educational Savings Bonds); S. 442 (value Added Tax); S. 659, S. 838, S. 849 (estate Freezes); and S. 800 (moratorium on Certain State Tax Laws) : Scheduled for a Hearing Before the Senate Committee on Finance on May 17, 1989U.S. Government Printing Office, 1989 - 35 pages |
From inside the book
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Page 8
... regulations , monthly deposits may be required for the estimated VAT liability for any taxable period . A VAT credit with respect to a taxable transaction would be al- lowed no earlier than the first taxable period by the close of which ...
... regulations , monthly deposits may be required for the estimated VAT liability for any taxable period . A VAT credit with respect to a taxable transaction would be al- lowed no earlier than the first taxable period by the close of which ...
Page 29
... This example assumes that both plumbers provide work of the same quality at the same price and that all of the economic burden of the VAT is borne by consumers . extent provided in regulations , monthly deposits of estimated VAT 29.
... This example assumes that both plumbers provide work of the same quality at the same price and that all of the economic burden of the VAT is borne by consumers . extent provided in regulations , monthly deposits of estimated VAT 29.
Page 30
... regulations , monthly deposits of estimated VAT liability may be required . The " tax point " describes when a taxable transaction occurs for purposes of the requirement that a taxable person furnish a tax in- voice , as well as for ...
... regulations , monthly deposits of estimated VAT liability may be required . The " tax point " describes when a taxable transaction occurs for purposes of the requirement that a taxable person furnish a tax in- voice , as well as for ...
Page 31
... regulations , a taxable person would be allowed to elect to treat any of its divisions as a separate taxable person . e . Treasury notification and regulations The bill would require a taxable person to notify the Internal Revenue ...
... regulations , a taxable person would be allowed to elect to treat any of its divisions as a separate taxable person . e . Treasury notification and regulations The bill would require a taxable person to notify the Internal Revenue ...
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Common terms and phrases
activities addition amount of VAT bill would provide border tax adjustment calendar quarter claim a credit commercial-type transaction consumer corporation December 31 deposits destination principle determine Educational Savings Bonds EE savings bonds effective date employee estate freeze example exclusion exempt Exon exports fair market value farmers governmental entities grocery store Gross VAT higher education expenses housing impose a VAT intangible property interest Internal Revenue Code Internal Revenue Service legislation nonbusiness real property performance of services plumber preferred stock premiums previously paid primary residence property or services provide a zero provided in regulations rate of tax retail sale of property section 135 seller Series EE savings services provided small businesses stage of production subject to tax tax point taxable amount taxable person taxable transactions taxation taxpayer tion transfer United Value Added Tax VAT credit VAT imposed VAT liability VAT paid VAT system zero rating zero-rated