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ABC Co is engaged in different business activities in the Philippines. During the year, the company has the following business transactions: Receipts as promoter of

ABC Co is engaged in different business activities in the Philippines. During the year, the company has the following business transactions:

  1. Receipts as promoter of international concerts                                 -         P 4,000,000
  2. Receipts as exhibitor of UAAP basketball games in DLSUD            -            1,000,000
  3. Receipts as franchise holder of a food chain (Jollibee chicken towel)-              2,800,000
  4. Receipts as cable TV operator (receipts last year is P 12M)            -            3,000,000
  5. Receipts as reseller of wines and beers                                            -            1,200,000
  6. Receipts as producer/manufacturer of cigarettes                              -            2,000,000
  7. Receipts as distributor of mineral water in Dasmarinas City             -            2,500,000
  8. Receipts as owner of a building in QC (rentals is P 14,500/unit)      -            3,000,000
  9. Receipts as owner of several apt units in QC (rentals is 16k/unit)   -            1,760,000
  10. Receipts as distributor of seafoods in Cavite area                            -            3,000,000
  11. From the following data above, ascertain the business tax liability of the company:



  12. BUSINESS TAX LIABILITY (Percentage Tax,

    Excise Tax or Documentary Stamp Tax)

    AMOUNT OF TAX
    a.
    b.
    c.
    d.
    e.
    f.
    g.
    h.
    i.
    j.

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