Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 04, 2024

International shipping carriers doing business in the Philippines on Gross Receipt derived from Philippines to another country shall be subject to VAT if it exceeds

International shipping carriers doing business in the Philippines on Gross Receipt derived from Philippines to another country shall be subject to VAT if it exceeds 3,000,000 pesos on their GR.

True or false?

This is the exception to the phrase in the course of trade or business, services rendered by nonresident foreign persons shall be considered as being rendered in the course of trade or business.

True or False?

Poultry feeds dealer whose annual gross sales amounted to 5,000,000 PESOS will not be suject to percentage tax but will be subject to VAT.

true or false?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management The Managerial Process

Authors: Eric W Larson, Clifford F. Gray

8th Edition

1260570436, 978-1260570434

Students also viewed these Law questions

Question

★★★★★

Does the income statement of Palm in Appendix A indicate the net income earned by its business segments? If so, list them.

Answered: 1 week ago

Question

★★★★★

5. Low functioning offenders can be assessed and treated in much the same way as any other offender. Discuss this statement.

Answered: 1 week ago

Question

★★★★★

Faldo Company produces a single product. The projected income statement for the coming year, based on sales of 200,000 units, is as follows: Sales ........... $2,000,000 Less: Variable costs .......

Answered: 1 week ago

Question

★★★★★

Lab Assignment: Introduction to Embedded Systems In the lab, implement a multiply operation of two - digit unsigned decimal numbers using keypad and LCD. The pressed keys should be shown in the LCD....

Answered: 1 week ago

Question

★★★★★

A mining company is considering a new project. Because the mine has received a permit, the project would be legal; but it would cause significant harm to a nearby river. The firm could spend an...

Answered: 1 week ago

Question

★★★★★

Provide a single graph containing side-by-side boxplot that show the Weight of bears by Sex . Describe this boxplot. Calculate numerical statistics of variable Weight . For example: mean, five number...

Answered: 1 week ago

Question

★★★★★

Consider the RLC circuit shown below, where the inital current flowing through the circuit at time t = 0 is Io = 5, and the initial charge on the capacitor at time t = 0) is Qo = 2. The components...

Answered: 1 week ago

Question

★★★★★

For the company 7-eleven, briefly describe their current inventory management, processes and functions employed within that infrastructure.

Answered: 1 week ago

Question

★★★★★

The information that follows pertains to Julia Company: (a) Temporary differences for the year 2024 are summarized below. Expenses deducted in the tax return, but not included in the income...

Answered: 1 week ago

Question

★★★★★

Provide 2 business threats as part of SWAT Analysis for Booktopia Pty Ltd (Australian online bookstore) based on one of the following trends: Political, Economic, Social and Cultural, Technological,...

Answered: 1 week ago

Previous Question Next Question