Loading...
Pre-test: VAT Training
Quiz by clarenz
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
A tax on domestic consumption from foreign suppliers
Which form of consumption is a non-vatable?
Maki made a casual sale involving a car to Bini Maloi, a resident buyer. Maki is a resident citizen and not a car dealer. Who is subject to consumption tax?
Effective April 27,2024, A VAT-registered person must issue a/an _______ as the primary document for sales of services to its customers.
The converted remaining unused Official Receipts to Invoice can be issued as primary invoice to its buyer/purchaser on or before December 31,2024 only.
Value-added tax is a/an?
RTOSI, a VAT-registered accounting firm, provided the ff. data for the last quarter of 2023. And 75% of the company purchases are vatable. How much is the VAT payable for 4th qtr?
An export sales by a non-VAT registered entity shall be classified as zero-rated transaction.
A gross sale of goods amounting to P100,000 has P12,000 VAT.
A VAT-registered taxpayer recorded the following sales and purchases, exclusive of VAT. Compute for the Output and Input VAT?
Maki, a business taxpayer who is doing business in the Philippines recorded the following transactions. Compute the VAT on Importation?
ABC Company made the following sales during the quarter:
Determine the amount subject to Business Tax if ABC Company is a VAT-Registered?
Carly's MIGAH Sardines made the following sales:
Compute the amount of taxable sales.
Madam Leane is subject to 3% percentage tax. He made a total collection of P 206,000 during a month and paid P 103,000 in purchases.
Compute her percentage tax.
Madam Eds imported a luxurious sports car worth P 1,500,000 for personal use and a special equipment worth P 1,000,000 for business use. Compute the VAT on Importation.