But I can see how they decided on this. They probably have worked for places where the bosses charge personal expenses such as car payment and mortgage to the business. These things would not be VAT free, so they are greedy for the VAT.
Suppose i have a business selling appliances, and I decide to furnish my home with appliances. The GOVT does not want the VAT on those appliances netted off.
Suppose the plumber works in my house but sends the invoice to the business. If i pay out of my pocket, I pay vat, but I can net it off if sent to the business.
What baffles me is, what are they going to do with the audit? who is going to read them? Why eveyr single business?
What they should do is continue the present system but request the audit randomly, like the IRS does in the US.
ohdrap4 says...
you cannot ban cheap foods because people will starve, ok?
your same employees to whom you pay minimum wage or a bit above will starve, ok?
On Chamber blasts ‘unfair’ sugary drinks NHI tax
Posted 26 November 2018, 10 p.m. Suggest removal
ohdrap4 says...
he is just adding more people to the pool that will not pay, and then the thing gets more expensive for everybody.
On $100,000 ‘buy NHI’ mark ‘way too low’
Posted 26 November 2018, 9:56 p.m. Suggest removal
ohdrap4 says...
when the doctors or nurses strike, let the tourism folks fill in.
On Ministry 'actively' monitoring swine flu reports
Posted 24 November 2018, 6:37 a.m. Suggest removal
ohdrap4 says...
i have never eaten a leaf that i liked, will not miss the lettuce. they can keep the tomato too.
i do not like turkey, but cooking it should make it ok. make sure you cook it yourself and avoid turkey slices from the deli.
On Consumers eating romaine lettuce and turkey ‘are taking a gamble’
Posted 23 November 2018, 8:26 p.m. Suggest removal
ohdrap4 says...
add a byline explaining your handle has been contaminated with ecoli
believe it at your own risk.
On PEOPLE'S PROTEST: Minnis faces first major revolt over policies and prices
Posted 22 November 2018, 3:11 p.m. Suggest removal
ohdrap4 says...
a lot of shyte is sold at the foodstore, but i have never seen any warning.
On Warning over lettuce and turkey products
Posted 22 November 2018, 3:09 p.m. Suggest removal
ohdrap4 says...
lol
On Minnis wants solar homes for everyone
Posted 20 November 2018, 4:04 p.m. Suggest removal
ohdrap4 says...
the one by the big foodstore out on carmichael
they charge 1% processing fee.
there is one that charges 1% or $10 whichever is higher, so your bill would be 28.50 if you shipped this same item with them.
this was one item at 2.8 lbs shipping weight and 20% duty.
On 'Stealth' corporate tax fear on licence fee regulations
Posted 20 November 2018, 10:19 a.m. Suggest removal
ohdrap4 says...
sure it is a burden.
But I can see how they decided on this. They probably have worked for places where the bosses charge personal expenses such as car payment and mortgage to the business. These things would not be VAT free, so they are greedy for the VAT.
Suppose i have a business selling appliances, and I decide to furnish my home with appliances. The GOVT does not want the VAT on those appliances netted off.
Suppose the plumber works in my house but sends the invoice to the business. If i pay out of my pocket, I pay vat, but I can net it off if sent to the business.
What baffles me is, what are they going to do with the audit? who is going to read them? Why eveyr single business?
What they should do is continue the present system but request the audit randomly, like the IRS does in the US.
On 'Stealth' corporate tax fear on licence fee regulations
Posted 19 November 2018, 10:32 p.m. Suggest removal
ohdrap4 says...
check the bahamas customs brochure.
customs duty is charged on price paid.
vat is charged on customs duty plus price paid.
customs duty is not charged on freight.
vat only is charged on freight.
but yes, my latest online purchase was 27.00, the shipping cost plus duties was 18.50. so the total cost of the item was 45.50.
On 'Stealth' corporate tax fear on licence fee regulations
Posted 19 November 2018, 10:21 p.m. Suggest removal