For VAT purpose~s, the transfer is:
A. not subject to VAT because it is a gift.
B. subject to VAT because it is a deemed sale transaction.
C. not subject to VAT because it is subject to gift tax.
D. subject to VAT because it is considered an actual sale.
Answer:B
For VAT purpose~s, the transfer is:
A. not subject to VAT because it is a gift. B. subject to VAT because it is a deemed sale transaction. C. not subject to VAT because it is subject to gift tax. D. subject to VAT because it is considered an actual sale.