https://www.taxtmi.com/article/detailed?id=1416 VAT should not apply to BOT construction phases because concessionaires build for their own account, retain goods and rights during the concession, and recover consideration from users rather than from the grantor; consequently the deemed sale principle that renders works contracts taxable is not engaged in typical BOT arrangements. en-us Tue, 06 Sep 2011 18:55:57 +0530 Tue, 06 Sep 2011 18:55:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1416 VAT should not apply to BOT construction phases because concessionaires build for their own account, retain goods and rights during the concession, and recover consideration from users rather than from the grantor; consequently the deemed sale principle that renders works contracts taxable is not engaged in typical BOT arrangements. Articles Value Added Tax - VAT and CST Tue, 06 Sep 2011 18:55:57 +0530 https://www.taxtmi.com/article/detailed?id=1416