| 释义 |
taxable person
taxable person is one who is, or who ought to be, registered for VALUE ADDED TAX as a result of the level of their TAXABLE TURNOVER.Taxable Person
Taxable PersonThe person or company from whom a government collects a value-added tax. A value-added tax is a tax on the new value of a good or service at each stage of the production process. The taxable person is thus assessed a tax on the value added to the product, rather than the total value of the sale. The taxable person is always the seller, though the tax is almost always passed on to the customer in the form of a higher price. |