Given below is the data of your company as an – VAT registered person. In relation to this, kindly prepare necessary tax compliance as indicated using the appropriate BIR forms.
Financial data for 2019:
Month Sales (inclusive of VAT) Purchases (inclusive of VAT)
January 5,214,868.51 1,656,414.94
February 4,585,879.42 2,364,700.85
March 5,954,149.75 2,464,159.48
April 4,897,751.79 1,587,308.00
May 5,524,756.41 1,641,865.44
June 4,873,713.80 2,105,257.50
Deductible Expenses:
1st Quarter 1,235,000
2nd Quarter 987,000
Compute the tax and file the appropriate BIR form for:
1. VAT – monthly and quarterly