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Frequently Asked Questions on VAT

Last updated on 17 August, 2018


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As a registered dealer, do I need to pay taxes for purchasing second-hand items from an unregistered supplier? 

No, you do not need to pay taxes in this case. However, if you purchase from a registered supplier, then the supplier will need to pay tax on this supply. This supplier cannot claim input tax credit if they have opted for the profit margin scheme.

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