How “association of person” is different from “associated person”?
Association of persons (AOP) is defined under section 2(iii) of the Federal VAT Bill, 2010 and associated person is defined under section 3 thereof. AOP refers to
a group of persons, while the concept of “associated persons” defines relationship between two persons. Adoption of this concept is a result of harmonization of inland taxes laws & administration.
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