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Sales Amount UCCC is a VAT registered business. It sells brownies at retail price of Php 20.00 per box exclusive of VAT. It acquired the
Sales Amount
UCCC is a VAT registered business. It sells brownies at retail price of Php 20.00 per box exclusive of VAT. It acquired the brownies available for sale at Php 16.50 per box inclusive of VAT.
What would be the amount of sales inclusive of VAT for 10 boxes sold?
What would be the amount of VAT Output for the 10 boxes sold?
If during a whole month UCCC sold 100 boxes of brownies how much is its VAT payable?
Answer the following and explain (Taxation in Philippines)
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