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Tax Review Question
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Question: Payments made by the government to businesses shall be subject to the VAT in the following manner:Government will withhold the 12% VAT from their payments to the supplierGovernment will pay the additional 12% VAT to the price provided by the supplierGovernment will withhold an amount of 5% on the VAT component of the selling priceGovernment will withhold an amount of 5% on the gross selling price