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A certain taxpayer paid the following bill from a VAT-registered supplier of office supplies. The office supplies were all used in operation during the
A certain taxpayer paid the following bill from a VAT-registered supplier of office supplies. The office supplies were all used in operation during the period Selling Price Plus: Output Vat Less: Withholding tax (1%) Net Cash due 400,000 48,000 4,000 444,000 What is the deductible supplies expense assuming the taxpayer is a VAT-taxpayer? 396,000 400,000 444,000 448,000 Until the time of the examination of its book, the taxpayer failed to withhold 10% withholding tax amounting to 10,000 from the payments of professional fees to vat-registered consultant. What is the deductible amount for professional services paid?* 2 points 89,286 100,000 112,000
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