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The following data are taken from the books of accounts of a VAT-registered taxpayer: Third Quarter Sales 1,500,000 Purchases 800,000 Excess input VAT as of

The following data are taken from the books of accounts of a VAT-registered taxpayer: Third Quarter Sales 1,500,000 Purchases 800,000 Excess input VAT as of end of 2nd quarter 25,000

Fourth Quarter Sales 1,500,000 Purchases 1,100,000

How much is the VAT payable for the 3rd and 4th quarters?

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