Biyahe Pilipinas Bus is acommon carrier by land. During the month of april 2015, it has...
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Biyahe Pilipinas Bus is acommon carrier by land. During the month of april 2015, it has the following gross receipts: Transport of Passengers Transport of Cargoes Excess Baggage 1. How much is the CCT? 2. How much is the value-added tax? P1,500,000 3. Electric utility 4. Telephone company 5. Television company 750,000 250,000 MVP Company is a Franchise holder. During 2015, its gross receipts from the use of its franchise amounted amounted to P9,000,000. Compute the applicable VAT percentage tax for the following franchise assuming MVP company is a(n): 6. Tollway operator 7. Water utility 8. Assume further that as a telephone company, P350,000 of its receipts is due to services rendered for overseas dispatch originating from the Philippines. Biyahe Pilipinas Bus is acommon carrier by land. During the month of april 2015, it has the following gross receipts: Transport of Passengers Transport of Cargoes Excess Baggage 1. How much is the CCT? 2. How much is the value-added tax? P1,500,000 3. Electric utility 4. Telephone company 5. Television company 750,000 250,000 MVP Company is a Franchise holder. During 2015, its gross receipts from the use of its franchise amounted amounted to P9,000,000. Compute the applicable VAT percentage tax for the following franchise assuming MVP company is a(n): 6. Tollway operator 7. Water utility 8. Assume further that as a telephone company, P350,000 of its receipts is due to services rendered for overseas dispatch originating from the Philippines.
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As a common carrier by land Biyahe Pilipinas Bus is subject to the following taxes 1 Common Carriers Tax CCT a tax on gross receipts derived by common ... View the full answer
Related Book For
Financial Accounting
ISBN: 978-1118978085
IFRS 3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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