When each firm is liable for taxes on total sales but can claim the taxes already paid by suppliers as a credit against liability we are using the

Name: When each firm is liable for taxes on total sales but can claim the taxes already paid by suppliers as a credit against liability we are using the
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The invoice method is a type of VAT (Value Added Tax) system where businesses can deduct the tax paid on their inputs from the tax they collect on their sales.

When Each Firm Is Liable for Taxes on Total Sales