PHILIPINE TAX LAW APPLY

CARE BEARS SERVICES is a registered VAT domestic carrier by land ( OF both cargoes and

Passengers).

The following transactions, taxes not yet included, jhappened in first quarter of 2020y:

Gross receipts from transport of cargoes Gross receipts transport - passengers Payment to VAT suppliers for both cargoes and passengers Payment to non-VAT suppliers for both cargoes and passengers

P 2,880,000.00 3,120,000.00 400,000.00 260,000.00

WHAT IS THE AMOUNT OF

1. value-added tax payable and/or

2. percentage tax, if any.