Identify if the following transaction is subject to 12% VAT, 0% VAT, Percentage Tax, or exempt Sale of gold to BSP [Choo
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Identify if the following transaction is subject to 12% VAT, 0% VAT, Percentage Tax, or exempt Sale of gold to BSP [Choo
Exempt
Percentage Tax
12% VAT
Identify if the following transaction is subject to 12% VAT, 0% VAT, Percentage Tax, or exempt Sale of gold to BSP [Choose] < Purchase of vehicle worth P3,000,000 [Choose ] Sale of house and lot worth P4,500,000 to a senior citizen [Choose ] > Gross receipts of a bank from the rental of commercial spaces [Choose ] < Importation of aircraft for domestic transport operations [Choose ]