Question
PLDT Telecommunication has provided the following information for its 2021 business operation in a particular month as it follows: Gross receipts from its domestic calls
PLDT Telecommunication has provided the following information for its 2021 business operation in a particular month as it follows:
Gross receipts from its domestic calls - P6,000,000
Gross receipts from overseas calls ( all originating in Philippines) - P4,000,000
Purchase of supplies used in connection with its domestic calls, net of VAT - P3,000,000
Purchase of equipment used in connection with both domestic and overseas calls, net of VAT - P800,000
Business Expenses - P120,000
How much is the overseas communication tax collected from persons who used the communication facilities?
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