Two equipment costing P 700,000 each, net (useful life is 4 years) are purchased from VAT registered seller on Jan 2022. What is the allowed creditable VAT input per month?

Two equipment costing P 700,000 each, net (useful life is 4 years) are purchased from VAT registered seller on Jan 2022. What is the allowed creditable VAT input per month?

In 2019, A, a domestic common carrier, transport goods within Metro Manila thru land. His aggregate receipts are 2.5M (includes receipts from VAT exempt transactions of 100,000). What is the business tax due from A?

In 2019, A, VAT registered, sold goods to Pasig City Govt with sales value of 3,360,000, gross. Purchases related to this sale is 2M, net from a VAT registered person. How much is the VAT still due of A?

In 2019, A, VAT registered, sold goods to Pasig City Govt with sales value of 3,360,000, gross. Purchases related to this sale is 2M, net from a VAT registered person. How much is the VAT still due of A?

In 2019, X, seller of goods, is required to issue:

Invoice when sales value is at 100 or more

Invoice when sales value is at 25 or more

OR when sales value is at 100 or more

OR when sales value is at 25 or more

None of the above

In Nov 2019, X made an Installment sale of commercial lot with GSP of 10M (FMV is 12M). The Down payment is 1M. on date of sale. Additional collections on DECEMBER 2019 of same year was 600,000. What is the VAT output in November 2019? Given amounts are VAT exclusive.

In Nov 2019, X made an Installment sale of commercial lot with GSP of 10M (FMV is 12M). The Down payment is 5M on date of sale. Additional collections on DECEMBER 2019 of same year was 600,000. What is the VAT output to be reflected/ reported in December 2019 / Quarterly VAT return? Given amounts are VAT exclusive.

Answer rating: 100% (QA)

1 The correct answer is option e Zs 60000 annual payments for services are taxable as ordinary income This is because payments for services rendered a... View the full answer