question archive Taxpayers, who are non-VAT registered persons, with gross sales above P3million is subject to Percentage Taxes Value-added Tax Both Percentage Taxes and VAT Neither Percentage Taxes nor VAT ABC Company purchased in year 2021 a delivery truck worth P1,680,000 including VAT
Subject:LawPrice: Bought3
Taxpayers, who are non-VAT registered persons, with gross sales above P3million is subject to
ABC Company purchased in year 2021 a delivery truck worth P1,680,000 including VAT. It has a useful life of 6 years. Compute the Creditable Input VAT of the said transaction for year 2021.
JKL Company purchased goods worth 11,200 as reflected in the purchase invoice. The entry to record the said purchase is?
DEF Company purchased a cash register worth 100,000 exclusive of VAT. It will be used for both VAT and non-VAT transactions. During the year, it had a sale of 672,000, including VAT, from its VATable transactions, while 400,000 from its non-VATable transaction. Compute the Creditable Input VAT that may be claimed from the said cash register.
GHI Company sold several goods worth P33,600 as reflected its sales invoice. The entry to record the said sale is?
Taxpayers with a gross sales below P100,000 is subject to
Deadline for the filing and payment of BIR Form 2550M
VAT payable is arrived by deducting
Deadline for the filing and payment of BIR Form 2550Q, including the VAT Relief