Juan Dela Cruz is single, Filipino citizen, and a resident of N. Reyes St., Sampaloc, Manila. As
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Juan Dela Cruz is single, Filipino citizen, and a resident of N. Reyes St., Sampaloc, Manila.
As a VAT-registered taxpayer engaged in trading, the BIR RDO No. 032 – Manila assigned Juan Dela Cruz Taxpayer Identification No. 123-456-789-0000.
Juan Dela Cruz made the following transactions during the period April 1, 2020 to June 30, 2020 for the calendar year 2020.
- VATable sales to regular costumers – Php 10,000,000.00
- Zero-rated sale – Php 5,000,000.00
- Exempt-sale – Php 5,000.000.00
- 1st quarter VAT return showed an overpayment of Php 100,000.00.
- Domestic purchase of goods - Php 2,000,000.00
- Domestic purchase of service – Php 2,000,000.00
- Input tax directly attributable to zero-rated sale which was applied for refund - Php 100,000.00
- Input tax directly attributable to exempt sale – Php 100,000.00
- VAT payments for the months if April and May amounted to Php 100,000.00
Related Book For
Business Statistics a decision making approach
ISBN: 978-0133021844
9th edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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