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How much is the output VAT? II. Determine whether or not the following shall be subject to the common carrier's tax on international carriers
How much is the output VAT? II. Determine whether or not the following shall be subject to the common carrier's tax on international carriers (Yes or No) 9. Oh Yoon Joo Airlines, maintaining flight operations to and from the Philippines, on freight and cargo fees, cargo originating from the Philippine (passage documents sold in South Korea) 10. Yamamoto Airlines, maintaining flight operations to and from the Philippines, on freight and cargo fees, cargo originating from the Japan (passage documents sold in Philippines) 11. Oh Yoon Joo Airlines, maintaining flight operations to and from the Philippines, gross receipts from sale of tickets to passenger's originating from the Philippines, (passage documents sold in Philippines) 12. UK Airlines, no flight operations to and from the Philippines, on gross receipts from transport of cargo from Singapore to Tokyo (passage documents sold in Philippines by its sales agents) The following data were provided by an air carrier: Freight and cargo fees (cargo originating from the Philippines in a continuous and uninterrupted flight to Japan, passage documents sold in Japan) P5,000,000 Mail fees (mail originating from Japan in a continuous and uninterrupted flight to the Philippines, passage documents sold in the Philippines) P4,000,000 Advance payments for cargo originating from the Philippines in a continuous and uninterrupted flight to South Korea (passage documents sold in S. Korea) P3,000,000 Receipts from sales of tickets to passengers originating from the Philippines in a continuous and uninterrupted night to Hongkong (tickets sold in the Philippines) P2,000,000 Expenses, Philippines P1,500,000 How much is the common carrier's tax due from the air carrier assuming it is an international carrier doing business in the Philippines? How much is the total receipts subject to VAT assuming it is a domestic air carrier? How much is the VAT due from the air carrier assuming it is a domestic air carrier?
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To calculate the output VAT total receipts subject to VAT and VAT due we need to consider the given data 1 Calculate the Output VAT Output VAT is calc...Get Instant Access to Expert-Tailored Solutions
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