[LGM] Reimbursement Tax Treatment
Frank Trampe
frank.trampe at gmail.com
Wed Nov 29 02:56:04 UTC 2017
The recipient ought to have no tax liability in the first place, and that's
what I'm seeking to achieve.
On Tue, Nov 28, 2017 at 8:46 PM, Liam R E Quin <liam at holoweb.net> wrote:
> On Tue, 2017-11-28 at 18:48 -0600, Frank Trampe wrote:
> > How have we classified reimbursements for tax purposes in past years?
>
> Reimbursements are not normally taxable, because the recipient has
> already incurred tax liability on the amount originally paid.
>
> Some organizations don't reimburse sales tax if the recipient shouldn't
> have needed to pay it, but I doubt that will apply for LGM (and i've
> yet to encounter a government that doesn't like it if you pay too much
> sales tax)...
>
> Liam
>
>
> --
> Liam Quin, W3C, http://www.w3.org/People/Quin/
> Staff contact for Verifiable Claims WG, SVG WG, XQuery WG
>
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