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Output and Input VAT Gerard Pascual is a VAT registered person. His total sales before VAT is 125,000. His purchase invoices from other VAT registered
Output and Input VAT
Gerard Pascual is a VAT registered person. His total sales before VAT is 125,000. His purchase invoices from other VAT registered businesses amounted to 84,000.
Compute for the following:
1.Output VAT
2. Input VAT
3. VAT payable Answer the following and explain! (Taxation in Philippines)
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