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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?

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