Jady imported a brand new luxury car from the USA for personal use of Paula. Total landed costs was P15,000,000 exclusive of customs duties of P3,000,000, excise tax of P2,000,000, and facilitation cost of P1,000,000. The VAT payable should be: a. 240,000 b. 360,000 c. 1,800,000 d. 2,400,000

Jady imported a brand new luxury car from the USA for personal use of Paula. Total landed costs was P15,000,000 exclusive of customs duties of P3,000,000, excise tax of P2,000,000, and facilitation cost of P1,000,000. The VAT payable should be: a. 240,000 b. 360,000 c. 1,800,000 d. 2,400,000

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter16: Multijurisdictional Taxation

Section: Chapter Questions

Problem 17P

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