Discuss the VAT regime in Trinidad and the impact of VAT on the country’s economy. Answer should cover, but not limited, to the following: • VAT registration • Time of supply • Place of supply • VAT rates • VAT Filing requirements & reporting obligations • Penalties • Legislative Authority of VAT
Discuss the VAT regime in Trinidad and the impact of VAT on the country’s economy. Answer should cover, but not limited, to the following: • VAT registration • Time of supply • Place of supply • VAT rates • VAT Filing requirements & reporting obligations • Penalties • Legislative Authority of VAT
Chapter16: Country Risk Analysis
Section: Chapter Questions
Problem 10QA
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Discuss the VAT regime in Trinidad and the impact of VAT on the country’s economy.
Answer should cover, but not limited, to the following:
• VAT registration
• Time of supply
• Place of supply
• VAT rates
• VAT Filing requirements & reporting obligations
• Penalties
• Legislative Authority of VAT
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