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VAL VOLUME 12, ISSUE 1 FALL 2008Official Publication of the VALLEY SUNSET DISTRICT BMW USA, Inc., California FederationValley Sunset District Representative Named National Young Careerist Hooray for
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Val sun stands for Value Added Tax summary of outputs and inputs.
Any registered business entity that is registered for Value Added Tax (VAT) is required to file val sun.
Val sun can be filled out online through the tax authority's website or offline by submitting the necessary forms at the tax office.
The purpose of val sun is to summarize the VAT outputs (sales) and inputs (purchases) of a business for a specific reporting period.
Val sun must include details of sales made, VAT collected, purchases made, input VAT paid, and other relevant information for the reporting period.
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