Question: Hi Tutor! Can you help me with this? About Input and Output VAT. Thank you in advance! Difference between Input VAT and Output VAT? VAT

Hi Tutor!

Can you help me with this? About Input and Output VAT. Thank you in advance!

  1. Difference between Input VAT and Output VAT?
  2. VAT under Government Owned and Controlled Corporations.
  3. List of product/items under Exempts Sales. (Site Examples)
  4. Sale of properties (for Output VAT) Give your own examples.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

Q:

About Input and Output VAT. Thank you in advance! Difference between Input VAT and Output VAT? VAT under Government Owned and Controlled Corporations. List of product/items under Exempts Sales. (Site...

Q:

Hi, my subject is Basic Accounting..Can you please help me in analyzing the transactions below? Thank you so much.. :D Thank you for helping me :D PO 4. Kathy Concepcion operates KC, a perfume and...

Q:

Can somebody help me with this. I will post the lessons below, so you can take a look at it. TASK: compute for the monthly value-added tax that the company will pay to the government with the given...

Q:

2021 10025 reach 22 500 March Fabwy 120 212 reach 27 May | July 300235 kr each 47000 September 1340 race. October 240 kcal 33.220 180540 2. Included in the accounts receivable is claime Svanem AB,...

Q:

VALUE ADDED TAX RETURN Instructions: Download file of BIR Form 2550Q Version 2007 at www.bir.gov.ph. Input ALL the necessary information in the return (see below). Compute the VAT payable, if any....

Q:

Hi I just need help with journals ledgers and trial balances Luxury line sells luxury bags, wallets, shoes and much more. It has been established on 1 January 2019. Luxury line adopts the calendar...

Q:

Which of the following statements is correct regarding standard input tax? Statement 1: Input tax that can be directly attributable to VAT taxable sales of goods and services to the Government shall...

Q:

PT. ABC, a company engaged in the trade of air conditioners, located in East akarta. The company has been established since 1990. PT. ABC sells air conditioners while providing conditioning...

Q:

There are external and internal users of accounting information. Which of the following will be considered as an external user of accounting information for Gizmo Traders? (a) Employees, investors...

Q:

Im really struggling with those question. A quickly remind that this not a test or exam, those are revision questions. My VC | The IIE's V X Bb Lecturer Slides - A x 5 Module Options X Module...

Q:

Why does the user of an income statement need to know the time period that it covers?

Q:

Discuss the interrelation between engineering material and the fabrication processes used to produce the desired shape and properties.

Q:

3 4 TB MC Qu . 0 9 - 5 2 ( Static ) Accounts payable are: Accounts payable are: 1 . 2 5 points 0 2 . 0 4 . 5 4 ellook Aeferences Multiple Choice Estimated liabilities. Amounts received in advance...

Q:

Transactions made by M. Alberti and Co., a law firm, for the month of March are shown below and on the next page. Prepare a tabular analysis which shows the effects of these transactions on the...

Q:

Suppose Crispy Pops is considering dropping its Special Oats product line. Assume that during the past year, Special Oats product line income statement showed the following:...

Q:

The following table shows the total population and the number of deaths (in thousands) due to heart attack for two age groups (in years) in Countries A and B for 2011. a. Calculate the death rate due...

Q:

1. Based on what you have learned about Portion Pac what do you think the owners would claim to be the most important features of doing business with integrity? Do you agree? Why or why not? 2. Who...

Q:

Inventory is another asset for which there is a variety of ways to account under historical cost accounting, including first- in, first- out; last- in, first- out; average cost; etc. Required a. How...

Q:

Among a group of 5 8 programmers, who know either Java or Python or both, 1 5 only know Java and 1 3 only know Python. What is the probability of randomly choosing a programmer who knows both...

Q:

A greater tendency to create winwin situations.

Q:

Improving creative problem-solving ability.

Q:

1. Discuss the following statements: (a) A circle becomes a straight line when viewed on a very small scale. (b) Breaking patterns creates change.