Sunbright Corporation, a VAT-registered taxpayer, is a manufacturer and dealer of children's clothes. For September 2020,...

Transcribed Image Text:

Sunbright Corporation, a VAT-registered taxpayer, is a manufacturer and dealer of children's clothes. For September 2020, the company provided the following data exclusive of VAT: Gross sales (70% on account) Consignments made to various retailers with the following pages: 1-30 days old 31-60 days old 61-90 days old P 800,000 P 250,000 300,000 100,000 200,000 Over 90 days old Required: Compute for the output tax for the month of September. Sunbright Corporation, a VAT-registered taxpayer, is a manufacturer and dealer of children's clothes. For September 2020, the company provided the following data exclusive of VAT: Gross sales (70% on account) Consignments made to various retailers with the following pages: 1-30 days old 31-60 days old 61-90 days old P 800,000 P 250,000 300,000 100,000 200,000 Over 90 days old Required: Compute for the output tax for the month of September.

Answer rating: 100% (QA)

To compute the output tax for Sunbright Corporation for the month of September 2020 we need to calcu... View the full answer