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Philippines Business Tax San Gabriel Corp., a VAT-registered entity with TIN of 123-456-789, located in Batangas City, had the following data for the first quarter
Philippines Business Tax
San Gabriel Corp., a VAT-registered entity with TIN of 123-456-789, located in Batangas City, had the following data for the first quarter of 2023 (Note: all amounts are net of VAT):
| January | February | March |
Local sales | P500,000 | P1,200,000 | P700,000 |
Export sales | 600,000 | 400,000 | 500,000 |
Purchases | 700,000 | 600,000 | 400,000 |
Other expenses | 100,000 | 150,000 | 170,000 |
Required: Prepare a quarterly VAT Return (BIR Form 2550Q) from the information given. (Please include the actual date of submission in the attachment).
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