EXPAND_______________TOT
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Answer / krushna
Turn over Tax It is levied by Sales Tax authorities on non
vat dealer
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Answer / parvathi
Transient Occupancy Tax (TOT) is levied for the privilege
of occupying a room or rooms or other living space in a
hotel, inn, tourist home or house, motel or other lodging
(defined below) for a period of 30 days or less.
Other lodging includes, but not limited to:
Camping sites
Space at a campground or recreational vehicle park
The authority to levy TOT is granted to the legislative
bodies of both cities and counties by Revenue and Taxation
Code 7280. The authority to collect TOT is generally
granted to the County Tax Collector by the Board of
Supervisors by means of an ordinance. An ordinance passed
by a Board is specific to that County.
| Is This Answer Correct ? | 3 Yes | 0 No |
The following are details of an invoice from a foreign supplier of goods: 20 pieces of item X @ $ 20 per piece $ 400 20 pieces of item Y @ $ 5 per piece 100 Shippingcharges 40 Discount -80 Total $ 460 Total cost of above shipment of goods is Dh 2,300 which is made up of Dh. 2,070 representing cost of transferring the above invoice amount of $460 and the balance of Dh 230 represents other direct costs You are required to calculate the landed cost in Dirhams for ONE PIECE of item X.
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