8. In 2021, Clifford purchase a condominium unit from Central Realty Corporation for P2,500,000 including a parking spac
Posted: Sat Mar 19, 2022 5:43 pm
- 8 In 2021 Clifford Purchase A Condominium Unit From Central Realty Corporation For P2 500 000 Including A Parking Spac 1 (10.99 KiB) Viewed 46 times
(business tax)
8. In 2021, Clifford purchase a condominium unit from Central Realty Corporation for P2,500,000 including a parking space for P800,000. The correct amount of vat is: a. P456,000 c. P96,000 6. P360,000 d. PO 9. During 2021 taxable year a subdivision developer sold five (5) residential house and lots each to different vendees for P4,000,000 per lot, or a total sales of P20.000.000 for the taxable period. These sales shall be classified as: a. 12% VAT transactions b. 0% VAT transactions c. VAT exempt transactions d. None of the foregoing