solar walata tax

batwise

Well-known member
  • Aug 28, 2020
    8,492
    15,847
    113
    111
    Gotham
    batman.com
    VAT Included Price = CIF + (CIF x 1.1 + current taxes) x 18% + current taxes ✅

    ⭕️Let's take a solar panel as an example. Now It's a 0% tax import, from January, 18% VAT will be imposed on it.

    If a solar panel's CIF value (landing cost) is Rs. 100,000, the new price due to this VAT change will not be 100,000 + 100,000 x 18% = Rs. 118,000.

    It will be: 100,000 + (100,000 + 100,000 x 10%) x 18% = Rs. 119,800

    ⭕️ So the effective VAT rate for this product is 19.8%, not 18%.

    ⭕️ Depending on the other taxes (General, PAL, SCL, Excise, etc) imposed on a good, the effective VAT rate will be a few percentage points (1%-2%) higher than 18%
     
    • Like
    Reactions: topkollek

    topkollek

    Well-known member
  • May 22, 2014
    42,829
    1
    56,835
    113
    ┬┴┬┴┤(·_├┬┴┬┴
    loan danna hitiye ban
    dan ba
    kelawilama giya itin dan
    1702367158528.png


    Meka Softlogic eke. Gewanna ganna puluwan