- Employee discounts given under uniformly applied standards are treated as sales discounts.
- The difference between the discounted price and fair market value is deductible from the VAT taxable base and is not included in the VAT base.
- If the transaction falls under deemed supply rules or an anti-avoidance rule, the fair market value becomes the VAT base.
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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