Below is the data of selected accounts of a taxpayer, with VAT and non-VAT business. No inventories were done at the start and end of the taxable period.   Purchases, all from VAT suppliers,     Exclusive of VAT                                             Php 750, 000   Sales, exclusive of any tax:     Exports, VAT business                                          850, 000     Exports, non-VAT business                                 600, 000     Domestic sales, VAT business                             200, 000     Domestics sales, non-VAT business                  250, 000 How much is the net VAT payable (refundable) for the month?

Below is the data of selected accounts of a taxpayer, with VAT and non-VAT business. No inventories were done at the start and end of the taxable period.Purchases, all from VAT suppliers,Exclusive of VAT                                      Php 750, 000Sales, exclusive of any tax:           Exports, VAT business                                    850, 000Exports, non-VAT business                             600, 000Domestic sales, VAT business                          200, 000Domestics sales, non-VAT business                  250, 000How much is VAT payable on domestic sales?Select one:a.Php 0b.Php 27, 000 c.Php 53, 000 d.Php 14, 400

Compute for Net VAT Payable on VAT “inclusive” Sales/Receipts: Total Value Sales (VAT inclusive) = Php 127,000.00Total Purchase with VAT receipts (VAT inclusive) = Php 58,000.00a.Php 7,392.86b.Php 7,372.85c.Php 7,382.85d.Php 7,392.85

How many percent does a person pays for the value added tax and who is not a VAT-registered person for his gross quarterly sales or receipts: Provided, that cooperatives shall be exempt from the percent gross receipts tax herein imposed?a.1.7%b.2%c.3%d.1.5%

Calculate the amount payable if equipment to the amount of R7 400 (VAT exclusive) was purchased by a business registered as a VAT vendor:Instructions for numeric response:1. Please round your answer to the nearest rand (eg: 1000)2. Only show the amount, do not show the "R" (eg: 1000)

A value-added tax (VAT) is __________ national tax levied on the value added in the production of a good (or service) as it moves through the various stages of production.Group of answer choicesa directan indirectan income taxnone of the options