How much is the total business tax assuming the business will register as Non-VAT taxpayer?

2. What is  the total business tax if the business will register as VAT taxpayer?

3. How much is the net taxable income if the business is a non-VAT registered business?

4. What business tax will you recommend, VAT or non-VAT? Why?

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A trading business is being registered as with the Bureau of Internal Revenue (BIR) on January 1, 2021. The following are projected for the taxable year (all amounts are exclusive of VAT) Sales 3,000,000 Purchases 2,500,000 200,000 Operating expenses A trading business is being registered as with the Bureau of Internal Revenue (BIR) on January 1, 2021. The following are projected for the taxable year (all amounts are exclusive of VAT) Sales 3,000,000 Purchases 2,500,000 200,000 Operating expenses

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