3 ms·
Companies are legally required to break out VAT taxes on a bill because it’s a value added tax so it matters if something is an end product like a car or someth
by Retric 3y ago
Companies are legally required to break out VAT taxes on a bill because it’s a value added tax so it matters if something is an end product like a car or something request to make that end product.
Basically if you buy a PC and the VAT on that sale was 200$ then the company selling you the item might send in 50$ and receipts for 150$ in VAT on items they used to manufacture that PC. Without that exception there’s a huge incentive to vertically integrate manufacturing which would have negative economic consequences.
- Freak_NL 3y agoSo? The receipt still shows the VAT amount, as required. This is not a problem.
- Retric 3y agoI was trying to clarify for anyone who might misunderstand your comment. It’s fine not to look at a receipt for the details, but I felt someone reading your comment may not realize it was available and you just didn’t look at it. You included a “and the receipt will show that too” but that’s the kind of thing people gloss over.