Taxation

What reductions from the transaction cost are permitted?

• A) Customer discounts, subject to terms and restrictions.

• B) Packing Fees, subject to terms and restrictions.

• C) Amount paid on the authority of the provider by the customer, subject to requirements.

• D) Freight expenses are borne by the provider in connection with CIF response to demand, subject to certain restrictions.

When may the value of the transaction get discounted from the supplying value calculation?

• A) When the parties to a contract are connected, price isn’t the only factor to consider.

• B) When the parties to the contract are linked or when affordability is not the only factor.

• C) It could not be turned down.

• D) When the items are sold with relatively little gross margins.

The following is the value of service under Article 15(1):

• A) Wholesale cost

• B) Market price

• C) Retail price maximum.

• D) The amount of the transaction

The following items should be included in the supply value:

• A) Any non-GST taxes, levies, cesses, or fees levied by the supplier independently.

• B) Interest, late fees, or penalties for failure to pay any compensation for any shipment on time.

• C) Subsidies that are directly proportional to the price, except subsidies granted by the federal and provincial governments.

• D) All of the above.

Which one of the below will not be added to supply value?

• A) GST

• B) Interest

• C) Late fee

• D) Commission