Assuming the following transactions with the corresponding invoice cost/prices (inclusive of VAT): Marl, Non-VAT registered taxpayer, sells to AJ, VAT taxpayer P 100,000.00 AJ, VAT taxpayer, sells to Davis, VAT taxpayer 150,000.00 Davis, VAT taxpayer, sells to Cindy Non-VAT taxpayer 205,000.00 Cindy, Non-VAT taxpayer, exported the goods in Japan 300,000.00