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COMMONWEALTH of DOMINICA Form VAT 001 25 October Ird Gov 2005-2025

Vat 001 2005-2025 Form

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this video is intended to provide information on how to account for vac in preparation for the filing return process this should be viewed in conjunction with our how to file a return video this video features an accounting for vat flowchart sample input and output tax worksheets a vat account a vat return form tax invoices or receipts working papers and additional tips this flowchart shows information relating to your inputs and outputs which will feed into your vat account and ultimately your vat return your output is regarded as what you are selling or providing for which an amount is received which should be captured in your output tax [Music] worksheet your input is regarded as expenses from the daytoday operations of your business which should be captured in your input tax worksheet [Music] a summary of your input and output transactions should then be transferred to your vat account any adjustments such as debit on credit notes or errors should also be taken into consideration t

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