About this document

VAT Exemptions for Agricultural Products by Michelle Nacis is a document available to read on EtoBox.

The document defines VAT exempt transactions in the Philippines according to Section 109 of the Tax Code. There are 26 categories of VAT exempt transactions including the sale of agricultural products, medical services, educational services, and sale of residential properties below a certain value. Percentage tax is also discussed which is imposed on certain businesses and transactions instead of VAT if their annual sales are below 3 million pesos.

Author

Michelle Nacis

Language

EN