Taxation, 2012 Bar — Question 37

MULTIPLE CHOICE

Input tax is available to a VAT-registered buyer, provided that: a) The seller is a VAT-registered person; b) The seller issues a VAT invoice or official receipt, which separately indicates the VAT component; c) The goods or service is subject to or exempt from VAT, but the sale is covered by a VAT invoice or receipt issued by VAT-registered person; d) The name and TIN of the buyer is not stated or shown in the VAT invoice or receipt Which statement shown above is NOT correct?

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