Halo Clear, is a new player in the speciality paper industry, had the following transactions for...

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Halo Clear, is a new player in the speciality paper industry, had the following transactions for the taxable year: Gross receipts Domestic Sales Export Sales Sales to International Rice Research Institute Goods for Domestic Sales Goods for Export Sales Goods for IRRI Sales Purchases P P P a. How much is Halo Clear's net VAT payable/refundable? b. What is the treatment of the excess input VAT related to export sales? 5,000,000.00 4,000,000.00 7,000,000.00 300,000.00 2,000,000.00 4,000,000.00 Halo Clear, is a new player in the speciality paper industry, had the following transactions for the taxable year: Gross receipts Domestic Sales Export Sales Sales to International Rice Research Institute Goods for Domestic Sales Goods for Export Sales Goods for IRRI Sales Purchases P P P a. How much is Halo Clear's net VAT payable/refundable? b. What is the treatment of the excess input VAT related to export sales? 5,000,000.00 4,000,000.00 7,000,000.00 300,000.00 2,000,000.00 4,000,000.00

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a To calculate Halo Clears net VAT payablerefundable ... View the full answer