Tax Scheme

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August 31, 2024 3 min read Definitions
Second-Hand Goods Scheme: Calculating VAT on Trader's Margin
Finance Economics Taxation VAT Second-Hand Goods Tax Scheme Accounting Trading
An arrangement where value-added tax (VAT) on second-hand goods is calculated based on the trader's margin rather than the total selling price, typically applied in the sale of second-hand cars.
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