Problem 1

Job Manpower Services has the following data for the current year:
Collection applicable for the current year P1,200,000
Collection applicable for the current year 800,000
Accrued income or Accounts Receivable 400,000
Required: Compute the taxable base of VAT or business tax.

Problem 2
Rice ,a VAT registered person has the following data for the current year:
Sales P500,000
Purchases from VAT registered supplier 380,000
Compute the VAT payable

Problem 3
Pacman, a wholesaler and a VAT registered taxpayer, purchased merchandise from Marquez, a manufacturer and VAT registered
taxpayer, in the amount of P700,000 excluding VAT. The merchandise were sold during the year for P850,000 excluding VAT
Compute the VAT payable.

Problem 4
Gloria, a whole sales and a non-registered taxpayer, sold P1,000,000 during the current year. Her aggregate annual sales for the last
year was P2,100,000. Her total purchases during the current year from a VAT registered supplier amounted to P896,000 inclusive of
12% VAT.
Compute the VAT payable of Gloria.

Problem 5
Noli, a VAT registered exporter, is engaged in the export of locally made products. Its total export during the current year amounted to
$250,000. The total Input VAT payments for the purchases of raw materials and supplies from its suppliers amounted to P220,000 and
from its service providers for services rendered amounted to P90,000. Assume that the exchange rate is 1$=P40
Compute the VAT payable or refundable.

Problem 6
LITO, a noon-VAT exporter, ha the following transaction for the current year:
Importation of ingredients of Agricultural products P600,000
Local sales of finished feeds 500,000
Export sales of finished feeds 700,000
Purchases of local raw materials inclusive of 12% Input VAT 224,000
Compute the VAT payable

Problem 7
Nike a VAT registered entity, sold supplies to PUP, a government educational institution with a total selling price of P500,000. The
actual Input VAT paid by Nike on its suppliers on the purchases directly attributable to the PUP sales is P42,000, and the actual cost of
sale for the PUP transaction is P350,000.
Compute the VAT payable

Problem 8
Bordados, VAT taxpayer, has the following data for the current year:
Purchases, VAT inclusive P784,000
Sales, VAT exclusive 800,000
Required: compute the VAT payable

Problem 9
KAMANDAG, a VAT registered entity, has the following data for the current year:
Purchases of raw materials from VAT registered supplier VAT inclusive P224,000
Purchases of Supplies from a VAT registered Entity at invoice amount, VAT included 44,800
Labor cost paid to employees 100,000
Excise tax paid 20,000
Mark-up on production costs 120,000
All the produce goods were sold during the quarter
Required: Compute the VAT payable.

Problem 10
7M, a VAT registered entity, has the following data for the current year:
Cash Sales [ VAT exclusive and Net of 10% Trade Discount] P950,000
Sales on account [ VAT exclusive terms: 3/30; n/45] 1,500,000

For the sales on account, 50% was collected upon sales or a down payment, and the balance
was collected or fully paid within 30 days. During the quarter, P80,000 worth of sales
on account was actually returned to 7M before it was fully paid.
Purchases made during the quarter [VAT inclusive] 1,008,000

Required: Compute the VAT payable.

Problem 11
A VAT registered business entity has the following data regarding its purchases of goods and supplies and payment of services during
the current year:
Purchases of goods from BB, a VAT registered Supplier [ VAT inclusive] P179,200
Purchases of Goods from DD, a VAT registered Supplier [ VAT Exclusive] 80,000
Purchases of Supplies from PP, a VAT registered seller [VAT inclusive] 10,080
Purchases of supplies from Non-VAT person 3,200
Payment of services to IT professionals [VAT Inclusive] 33,600
Payment of rent to a VAT exempted person 48,000

Required: Compute the Creditable Input VAT.

Problem 12
555 SARDINES Co. is a VAT registered business entity, and is engaged in the manufacturing of sardines. Its purchases its primary raw
materials directly from the fishermen who are not VAT registered taxpayers. Its total purchases of Raw materials for the current year
amounted to P300,000.

Compute the presumptive input VAT

Problem 13
JR, a VAT registered Taxpayer, has the following business transactions during the quarter of the current year:

Purchases from the VAT Supplier [VAT Inclusive] P896,000

Sales [VAT Exclusive] 730,360
Merchandise Inventory beginning 35,000

From the total purchases for the quarter, 62% were sold, 31% were unsold at the end of the quarter, and 7% were used or consumed
by JR, the sole proprietor, for his personal use.
Required: Compute the VAT payable.

Problem 14
GOLD ANGEL Corp., a VAT registered business entity, is engaged in the exclusive dealership of Honda Civic Cars. It has the following
business transactions for the current year:
150 units imported Cars [VAT Inclusive] P100,800,000
100 units sold [ VAT Exclusive] 80,000,000
25 Units were declared as Property dividends and distributed to its Shareholders 20,000,000

Required: Compute the VAT payable.

Problem 15
Mango Co., a VAT registered entity, settled its account with the supplier and with its Financer by delivering to them Finished goods of
their Special products as follows:

Amount of credit payable to supplier 80,000

Amount of credit payable to Financer 100,000
Payment to supplier in the form of Finished Goods [VAT Inclusive] 78,400
Payment to Financer in the form of Merchandise intended for Sale 89,600
Actual paid on purchases of Raw Materials and supplies 25,000

Required: Compute the Vat Payable

Problem 16
Neri has the following data regarding importation for the current year:
Invoice Cost 1,500,000
Custom’s Duty 150,000
Excise tax 100,000
Other charges 150,000

Required: Compute the VAT Payable on Importation.

Problem 17
PAcquiao, an importer, has the following data regarding his importation of goods for the current year:
Invoice Costs $10,000
Custom’s Duty 1,000
 Excise tax 2,500
Other Charges 1,000
Exchange rate $1 is to P40

Required: Compute the VAT on importation.

Problem 18
Mr. Villar, a VAT registered Constructor, has the following business transactions for the current year:
Contract Price for four-floor building construction to client, Loren (VAT exclusive) P10,000,000
10% Retention Service Fee to be credited to the account of Mr. Villar after
30 days of a verified completion 1,000,000
Collection from competed portion of the contract Net of 10% retention service fee 2,700,000

Advances received, chargeable from against the new project/contract scheduled

the following year 500,000
Construction Materials Charged with services rendered and collected 7,000,000

Required: Compute the following

1. The Gross receipts or taxable base
2. Output VAT
3. Gross Receipts, VAT inclusive

Problem 19
Trans Corporation, a VAT registered business entity engaged in the business of transporting passenger from one place to another in
the Philippines, has the following business transactions during the current year:
Gross receipts from:
Air transport 15,000,000
Sea transport 8,000,000
Land transport 6,000,000
Compute the following:
1. Output VAT
2. Percentage transaction tax

Problem 20
Atlantis, a non-resident foreign corporation, is engaged in the business of international shipping for cargoes and passengers. One of its
vessel was leased by Chavit Corporation for P1,300,000, and another one was chartered by Mike Co. for P1,100,000.
Compute the following:(total)
1. Final withholding VAT
2. Amount to be paid to ATLANTIS

Problem 21
The taxpayer is a VAT—registered person, with the following data on an importation for sale:
Invoice cost (exchange rate is $1:P50) $200,000
Freight from point of origin 10,000
Insurance P275,000
Excise tax 54,600
Custom duty 52,000
Freight from Custom house to Pasig, MM warehouse 10,000
Other expense on importation
Prior to removal from custom duty 15,000
After the removal from custom duty 5,000
Importation was completed with the removal from the customs house on February 10, 2010. Sales were made in February at a total
invoice price of p16,500,000 and local purchases during the month had a total invoice cost of P9,000,000. The imported goods were
sold in March at a total invoice of P12,900,558. In March, goods locally purchased were sold at a total invoice price of P5,600,000.

Compute the value added tax on importation, VAT payable for February, VAT payable for March.