Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
LBJ may not register under the VAT system because his sales from
VAT taxable and zero-rated transactions did not exceed
P1,919,500.
2. c. Common carriers transporting passengers by land within the
Philippines
3. b. May be due even if the goods or properties were not actually
sold;
4. d. Sale of goods to an export oriented enterprise
5. c. VAT exempt transactions **3,199,000 each is the threshold
6. c. Transitional input tax credit
7. c. Both (a) and (b)
8. b. On collections of the month on all billings made
9. b. There is a transitional input tax from purchases of
services;
10. a. Balance, net of input taxes
11. b. P216,000
12. a. P2,800,000
13. d. P63,000
14. a. P20,580
15. c. P249,600
16. a. P0
17. a. P414,000
18. b. P9,000
19. b. P80,400
20. d. P174,000
Output Tax (2,000,000 x 12%) 240,000
Input Tax on Domestic Sales (690,000 x 12%) (82,800)
Input Tax on Zero Rated (2,760,000 x 12%) (331,200)
Refundable VAT (174,000)