Question
Gomez maintains a law firm and registered as VAT taxpayer. For a particular client, the amount of professional fee imposed by Gomez is P300,000. Compute
Gomez maintains a law firm and registered as VAT taxpayer. For a particular client, the amount of professional fee imposed by Gomez is P300,000. Compute the business tax on this particular transaction. The taxable year is 2021.
A. P3,000 percentage tax
B. P9,000 percentage tax
C. P36,000 output VAT
D. zero
ASAP, it will be appraised.
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Financial Accounting Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
1111464936, 978-1111464936
