An agricultural producer organisation purchases equipment from suppliers and then resells it to agricultural producers. In connection with this sale, the organisation receives a contribution from a fund paid for by the producers (among other entities), so the producers do not pay the full amount for this equipment. This subsidy received by the producer organisation…...

If the author of a work of art receives a statutorily due share of the consideration for the resale of his work at the next stage of marketing, such share is not subject to VAT (does not constitute the taxable amount)…. This content is for Full Membership members only. Want to read background, core of...