A VAT-registered real property lessor indicated in its official receipt an amount of P26,250, inclusive of VAT

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A VAT-registered real property lessor indicated in its official receipt an amount of P26,250, inclusive of VAT and net of income tax withheld. How much is its Output VAT for its receipt?

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Feb 12, 2024 09:18 AM

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A VAT-registered real property lessor indicated in its official receipt an amount of P26,250, inclusive of VAT

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Expert Answer:

To calculate the Output VAT for the receiptwe need to follow these steps Extract the total amount Gi... View the full answer

Income Tax Fundamentals 2013

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