VAT (Philippines) 1. Make a diagram or flowchart 2. Start from a Value Added Tax-Exempt person...

VAT (Philippines)

1. Make a diagram or flowchart

2. Start from a Value Added Tax-Exempt person transacting to a Value Added Tax-registered person. From the Value Added Tax registered, two transactions happen 1) Export sale and 2)Local sale.

3. Compute the Input Value Added Tax, Output Value Added Tax and Value Added Tax payable in each transaction, if applicable

4. Presentations similar to real business transactions will be appreciated.

Solutions

Expert Solution

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

An Empirical Study on Value Added Tax (VAT) In the light of vision 2030 in Saudi...

An Empirical Study on Value Added Tax (VAT) In the light of vision 2030 in Saudi Arabia.

Analyzing the Concepts: Flat tax, national sales tax, and value added tax (VAT) Two controversial fundamental...

Analyzing the Concepts: Flat tax, national sales tax, and value added tax (VAT) Two controversial fundamental tax reform ideas are often hot news topics. One proposal is the flat tax discussed in this course, andthe other is a national sales tax. The flat tax is favored by former presidential candidate and publisher Steve Forbes. It would granta personal exemption of about $36,000 for a typical family and then tax income above this amount at 17 percent with nodeductions. As stated...

Some policy makers and politicians have called for a federal value-added tax (VAT) or sales tax...

Some policy makers and politicians have called for a federal value-added tax (VAT) or sales tax levied at a rate of about 15 percent to replace most of the revenues from the federal income taxes. Would you support a federal value-added tax (VAT) or national sales tax to replace federal income taxes? Should the federal value-added tax (VAT) or national sales tax include online purchases? Why or why not?

create a program that will allow the user to enter a start value from 1 to...

create a program that will allow the user to enter a start value from 1 to 5, a stop value from 10 to 12 and a multiplier from 1 to 4. the program must display a multiplication table from the values entered. for example if the user enters: start 2, stop 10 and multiplier 3, the table should appear as follows: 3*2=6 3*3=9 3*4=12 . . . 3*10=30

Define each word: 1. Tax-exempt bond. 2. General obligation bond. 3. Revenue bond. 4. Industrial development...

Define each word: 1. Tax-exempt bond. 2. General obligation bond. 3. Revenue bond. 4. Industrial development bond. 5. Tax anticipation note. 6. Equivalent taxable yield.

Question 1 2 pts The following employee types are exempt from industrial insurance coverage, except Persons...

Question 1 2 pts The following employee types are exempt from industrial insurance coverage, except Persons employed to do gardening, repair, or maintenance of the private home of the employer children under 18 years of age employed on their parents' farm. Persons performing services in exchange for aid or food from religious or charitable organizations. All of the above Flag this Question Question 2 1 pts Cosmetologists, barbers, and manicurists are exempt from industrial insurance coverage. True False Flag this...

2. What if the U.S. tax structure moved away from taxing income to taxing the value...

2. What if the U.S. tax structure moved away from taxing income to taxing the value a company added? Do you think Apple would prefer: (a) tax on income (at 2018 rate) (b) a Value Add Tax (VAT) (enacted in other countries and being considered for the U.S.) and/or (c) goods and services taxes (GST)?

1. What is reactance and why is different from resistance? 2. What is a phasor diagram...

1. What is reactance and why is different from resistance? 2. What is a phasor diagram and how is it useful? (No Star Trek answers, please.)

1) Why is trade good? 2) Why does elasticity differ from on person to another and...

1) Why is trade good? 2) Why does elasticity differ from on person to another and from one group to another? 3) How are cartels harmful? Need help with these 3 homework questions.

Consider a 2-person private value, first-price auction. The object is worth $10,000 to bidder 1 who...

Consider a 2-person private value, first-price auction. The object is worth $10,000 to bidder 1 who knows that bidder 2’s value is uniformly distributed between 0 and $40,000. Assume that bidder 2 is going to use his equilibrium bidding strategy. a) What is bidder 1’s optimal bid for his value $10,000 and what is his expected payoff? b) Assume that bidder 1 learns that the object is worth $22,000 to bidder 2 and in turn, bidder 2 is not aware...

Subjects