Yamash, a Japanese residing in the Philippines, brought garments from JB Corp., a domestic corporation, and exported the same to Japan. Total value of export is P 1,000,000. How much is the VAT-Output Tax due on the transaction?
Yamash, a Japanese residing in the Philippines, brought garments from JB Corp., a domestic corporation, and exported the same to Japan. Total value of export is P 1,000,000. How much is the VAT-Output Tax due on the transaction?
Chapter25: Taxation Of International Transactions
Section: Chapter Questions
Problem 32P
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Yamash, a Japanese residing in the Philippines, brought garments from JB Corp., a domestic corporation, and exported the same to Japan. Total value of export is P 1,000,000.
How much is the VAT-Output Tax due on the transaction?
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