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Ms. McDollibee is an operator of business which primary source of income is to sell fried chicken named McDollyken. Ms. McDollibee is a Non-VAT registered
Ms. McDollibee is an operator of business which primary source of income is to sell fried chicken named McDollyken. Ms. McDollibee is a Non-VAT registered person. Gross receipts does not exceed VAT threshold. The following transaction transpired during the month of January 2020 (All VAT exclusive):
Regular Sales - P210,000
Sale to PEZA Entities - P105,000
Personal Consumption - P35,000
Purchases of machine with 4 years useful life - P500,000
Purchase of Fresh Chicken - P100,000
Business Tax is?
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