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NKT Telecommunications has the following data for a particular month: Gross receipts, domestic calls...........P6,000,000 Gross receipts, overseas calls (originating from the Philippines).........P4,000,000 Purchase of supplies

NKT Telecommunications has the following data for a particular month:
Gross receipts, domestic calls...........P6,000,000
Gross receipts, overseas calls (originating from the Philippines).........P4,000,000
Purchase of supplies used in connection with domestic calls net of VAT......P250,000
Purchase of equipment, used in connection with both domestic calls and overseas calls, net of VAT ..........P750,000
Business expense .............P2,000,000
How much is the overseas communications tax collected from persons who used the communications facilities?
How much is the VAT Payable?

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