A) Value-added tax is a tax on consumption levied on the sale, barter, exchange or lease of goods or properties in the P

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

A) Value-added tax is a tax on consumption levied on the sale, barter, exchange or lease of goods or properties in the P

Post by answerhappygod »

A) Value-added tax is a tax on consumption levied on the sale,
barter, exchange or lease of goods or properties in the Philippines
and importation of goods into the Philippines. Are gratuitous
transfers like donations likewise subject to value-added tax (VAT)?
Explain your answer.
B) Who ultimately shoulders the VAT burden? Why?
Each initial response should not be more than 10 sentences,
reflecting on the prompt above.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”