Re:Italy proposes tax on savings hidden in safety deposit boxes
by NightlyDev on Friday June 14, 2019 @10:20AM
(#20183222)
It is both ways, for me. My business pays VAT on sales, and I personally pay VAT on purchases, so for me and my business VAT will be paid twice. Both for what I sold and what I(personally) purchased.
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Re:Italy proposes tax on savings hidden in safety deposit boxes
by plantain on Friday June 14, 2019 @02:48PM
(#20185591)
Either the consumer is paying the VAT or the business.
You can't say that the business pays the VAT when you are the business, but the consumer pays the VAT when you are the consumer.
If you frame it as you "personally purchased" something and paid VAT, then what you sold as a business to someone else was "personally purchased" and had the VAT paid by them too.