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Miss Zef Millan, a VAT-registered physician and beautician, conducted an internal abs enhancement procedure to a well-known and handsome practicing accountant, Mark Ngina. The two
Miss Zef Millan, a VAT-registered physician and beautician, conducted an internal abs enhancement procedure to a well-known and handsome practicing accountant, Mark Ngina. The two contracted for a P2,000,000 payment before taxes.
- What is the excise tax?
- What is the VAT due on the transaction?
- What amount of withholding tax shall Mark Ngina deduct on the professional fees?
(Taxation, Philippines)
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