ANY BANK TRANSACTION OR CHARGES WHERE THE GOVERNMENT JUST PLUCKS ALL THE 17.5% WITHOUT A CORRESPONDING INPUT/OUTPUT VAT NETTING RELATIONSHIP OF THE TRANSACTION IS ILLEGAL. THERE SHOULD BE A CLEAR ESTABLISHMENT OF VALUE ADDED ... read full comment
ANY BANK TRANSACTION OR CHARGES WHERE THE GOVERNMENT JUST PLUCKS ALL THE 17.5% WITHOUT A CORRESPONDING INPUT/OUTPUT VAT NETTING RELATIONSHIP OF THE TRANSACTION IS ILLEGAL. THERE SHOULD BE A CLEAR ESTABLISHMENT OF VALUE ADDED IN THE TRANSACTION TRAIL. FOR EXAMPLE IF THE BANK CHARGES ME OUTPUT VAT TO ISSUE ME WITH A CHEQUE BOOK. IT IS POSSIBLE TO TRACE IF THEY PAID AN INPUT VAT ON THE CHEQUE BOOK ORDER TO THE PRINTER. HOWEVER IF THE BANK CHARGES ME OUTPUT VAT OF 17.5% ON FUNDS TRANSFER AND CHARGES ME VAT ON THE FEES, WHERE IN THE TRANSACTION IS VALUE ADDED THROUGH THE PAYMENT OF AN INPUT VAT TO A SERVICE PROVIDER, WHO OBVIOUSLY IS THE SAME BANK? THIS IS FRAUD.. AND THE BAN AND GOVERNMENT MUST BE SUED...PERIOD!
Criminals.
ANY BANK TRANSACTION OR CHARGES WHERE THE GOVERNMENT JUST PLUCKS ALL THE 17.5% WITHOUT A CORRESPONDING INPUT/OUTPUT VAT NETTING RELATIONSHIP OF THE TRANSACTION IS ILLEGAL. THERE SHOULD BE A CLEAR ESTABLISHMENT OF VALUE ADDED ...
read full comment
The government is frauding the nation.