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User_gary Posted 16 years ago
Though I know "declaration" means "to declare(tell) something" and "assessment" means "to judge something" in general.
Vocabulary
Declaration and assessment, interface
VAT has the flexibility to generate large and buoyant revenues, as it levies tax on value additions.
Zero rating of tax on exports is possible in case of VAT.
Fair and Equitable – VAT introduces uniform tax rates across the state so that unfair advantage cannot be taken while levying the tax.
Procedure of simplification – Procedures, relating to filing of returns, payment of tax, furnishing declaration and assessment are simplified under the VAT system so as to minimize any interface between the taxpayer and the tax collector.
Ability to provide same revenue to the Government with lower rates of tax.
Tax does not become a cost of doing business.
Though I know "declaration" means "to declare(tell) something" and "assessment" means "to judge something" in general.
Top answer
"declaration and assessment" refers to the information provided by the taxpayer to the tax collector, and the judgement by the tax collector about how much tax is due. "interface" is a jargony word for "interaction". The English in this passage is not perfect.
- "declaration and assessment" refers to the information provided by the taxpayer to the tax collector, and the judgement by the tax collector about how much tax is due.
- "interface" is a jargony word for "interaction".
- The English in this passage is not perfect.
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1 Answers
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"declaration and assessment" refers to the information provided by the taxpayer to the tax collector, and the judgement by the tax collector about how much tax is due.
"interface" is a jargony word for "interaction".
The English in this passage is not perfect.
"interface" is a jargony word for "interaction".
The English in this passage is not perfect.
0
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