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BH purchased 250 items of a product from a foreign entity and imported them into Country X. On import, the products were subject to?

an excise duty of $8 per item and standard rate VAT on cost, including the excise duty. BH purchased the items for $45 each and after importing them sold all of the items for $65 each plus VAT at standard rate.

How much is due to be paid by BH to the tax authorities in total for these transactions?

 

A $450

B $2,450

C $2,750

D $3,988

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Question ajoutée par Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants
Date de publication: 2015/08/05
Mohammed Asim Nehal
par Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

Answer is  $2450.....................

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