Direct Method DETERMINATION OF ADDED” “VAT For value added is the : production and trade activities difference between and sales revenue cost of goods sold value added is the For : construction and installation activities difference between and plus receipts cost of materials other costs value added is the difference For : transportation activities between receipts and cost of gasoline plus costs value added is the difference between For catering activities: receipts and cost of materials plus other costs
Direct Method DETERMINATION OF “VAT ADDED” For production and trade activities : value added is the difference between sales revenue and cost of goods sold For construction and installation activities : value added is the difference between receipts and cost of materials plus other costs For transportation activities : value added is the difference between receipts and cost of gasoline plus costs For catering activities: value added is the difference between receipts and cost of materials plus other costs
1012_VS-VAT%20Slides%20(Trainer).docx