How many percent does a person pays for the value added tax and who is not a VAT-registered person for his gross quarterly sales or receipts: Provided, that cooperatives shall be exempt from the percent gross receipts tax herein imposed?a.1.7%b.2%c.3%d.1.5%
Question
How many percent does a person pays for the value added tax and who is not a VAT-registered person for his gross quarterly sales or receipts: Provided, that cooperatives shall be exempt from the percent gross receipts tax herein imposed?a.1.7%b.2%c.3%d.1.5%
Solution
The percentage of Value Added Tax (VAT) a person pays who is not VAT-registered for his gross quarterly sales or receipts can vary depending on the country's tax laws. However, in your question, you have provided four options: 1.7%, 2%, 3%, and 1.5%. Without additional context or specific country's tax laws, it's impossible to definitively answer this question.
As for the second part of your question, cooperatives are exempt from the percent gross receipts tax. This means that they do not have to pay this particular tax. This is often the case because cooperatives are typically non-profit organizations, and many countries have tax laws that exempt non-profits from certain types of taxes.
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