CALCULATION OF VALUE ADDED TAX PAYABLE

Calculation of VAT owed done by as follows:1. VAT payable on the delivery of motor vehicles
    former and gold jewelry by Taxable was 10% X Tax Base;
2. The amount of Input Tax which could be credited calculated     use guidelines for crediting Input Tax calculation is equal to:     a) 90% of the output tax, in the case of Taxable Person make    

         delivery of second hand vehicles in retail     b) 80% of the output tax, in the case of Taxable Person make  

        delivery of gold jewelry retail
3. The amount of VAT to be paid is as follows:
    a) 1% X number of whole delivery of used motor vehicles;
    b) 2% X the total surrender of gold jewelry;
   
 - Input Tax with respect to the delivery of Used Motor Vehicle and Gold Jewelry
    conducted by Taxable who did Certain Business Activities
    Others use value as the Tax Base can not be credited;

 - Value Added Tax on the acquisition of Taxable Goods
    Tax and / or taxable services can not be deducted as an expense for tax calculation
    Income.