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Gross Product Variant
Deduction is allowed for all taxes on purchases of raw material and components.
However, no deduction for capital inputs.
Income Variant
Deduction is allowed for all taxes on purchases of raw material and components.
For capital goods, deduction for depreciation on capital goods allowed.
Consumption Variant
Deduction is allowed for all taxes including capital goods
|
Gross Product Variant |
Income Variant |
Consumption Variant |
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|
Output Vat |
xx |
Output Vat |
xx |
Output Vat |
xx |
|
|
Less |
Less |
Less |
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|
Input Vat On Purchases |
xx |
Input Vat On Purchases |
xx |
Input Vat On Purchases |
xx |
|
|
Depreciation of Capital Goods |
xx |
Input Vat of Capital Goods |
xx |
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|
Vat Payable |
xx |
Vat Payable |
xx |
Vat Payable |
xx |
|
