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PHILIPPINE TAXATION (TRAIN LAW) (SEE PHOTO BELOW) A manufacturing subcontractor generated the following receipts for various clients: Receipts from PEZA locator P 4,000,000 Receipts from

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PHILIPPINE TAXATION (TRAIN LAW) (SEE PHOTO BELOW)

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A manufacturing subcontractor generated the following receipts for various clients: Receipts from PEZA locator P 4,000,000 Receipts from Non-PEZA locators 1,000,000 Input VAT traceable to PEZA clients 100,000 Input VAT traceable to non-PEZA locators 50,000 Input VAT on general operations 60,000 Compute the VAT payable

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