“Tax considerations give a definite advantage to hire purchase financing option”
Do you agree? Explain
Answers
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Explanation:
yes because tax is needed for working of government agencies to work for the public and without money it does not possible
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Yes, I agree with the statement that tax considerations give a definite advantage to hire purchase financing option.
Explanation:
- Using a recruit purchasing plan rarely includes contract administration and the consumer doesn't have to think about needing to compensate for any costly maintenance expenses that may arise.
- Rental rental costs will be more revenue efficient than purchasing and depreciating the machinery.
- The job-vendor owes tax on the profits found in the job increments in the case of hire-purchase contracts, not on the rents as a whole. Therefore the tax is just levied on the profits, not on the inflow.
- Another financial advantage of having a hire buy program is that these contracts also provide service repairs, meaning that the organization will not have to think about covering any unexpected repair expenses that might occur. Expenditure on leasing fees would be more valuable for tax than purchasing and depreciating the facilities.
Learn more about taxes:
Which tax is an indirect tax? corporate income tax federal income tax property tax sales tax
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