CAF-2 · Chapter 17 · Question 13 of 15
For items specified in the Third Schedule (such as fruit juices, ice cream, and toilet soap), how is the sales tax calculated and displayed?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) B) Tax is charged on the retail price, and the manufacturer or importer must prominently print or emboss the retail price along with the amount of sales tax on the packaging.
Explanation
Taxable supplies and imports specified in the Third Schedule are charged to tax on the retail price, and the manufacturer or importer must legibly and prominently print or emboss the retail price along with the amount of sales tax on the packet, container, or label.
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