VAT Vocabulary Words Crossword Puzzle

QUESTIONS LIST:

• vendor : a vat _ is a business that are collecting vat from their customers or clients.
• output : _ vat is collected by a business on goods and services delivered or sold.
• vat : value added tax.
• evasion : vat _ is an illegal act where a business submits incorrect records to sars to pay less or no vat.
• exclusive : the vat _ price is the selling price without vat added to it.
• inclusive : when vat is added to the selling price of goods or services it is called the vat _ price.
• input : _ vat is paid by a business on the purchase of goods or services.
• zero-rated : 0% vat is charged on _ items.
• exempted : vat _ items are items on which no vat is charged.
• avoidance : an ethical practice in which a business tries to pay less or no vat to sars is called vat _ .