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Dimagiba Construction Company entered into a contract with the government to construct an edifice for a total contract price of P25,000,000. During the month, the

Dimagiba Construction Company entered into a contract with the government to construct an edifice for a total contract price of P25,000,000. During the month, the government paid P10,000,000 of which it withheld 5% final withholding tax. How much is the Output VAT by the company on the government contract?

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