Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
VALUE-ADDED TAX
January P 250,000.00
February 250,000.00
March 250,000.00
April 250,000.00
May 250,000.00
June 250,000.00
July 250,000.00
August 250,000.00
September 250,000.00
October 1,000,000.00
November 1,000,000.00
December 1,000,000.00
Total gross Sales/Receipts P 5,250,000.00
Question: When will MR. A be subjected to VAT?
Question: When will MR. A be subjected to VAT?
ANSWER:
NOVEMBER 1, 2018 (RMC 23-2018 1ST DAY OF THE MONTH FOLLOWING THE
MONTH THE TAXPAYER BREACHED THE 3M BRACKET)
COMPUTATION OF VALUE ADDED TAX:
VAT PAYABLE
SOURCES OF OUTPUT VAT
1. ACTUAL SALE (cash or on account)
Sales where there are actual exchanges between
buyer and seller in an ordinary course of trade or
business.