A) Value-added tax is a tax on consumption levied on the sale, barter, exchange or lease of goods or properties in the P
Posted: Sun Jun 05, 2022 4:51 pm
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.
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.