About this document
VAT Regulations and Exemptions Overview by rosie posie is a document available to read on EtoBox.
The document describes a situation where a VAT-registered taxpayer engaged the services of a non-resident service provider for P500,000. The taxpayer paid the full amount. The question asks how much withholding VAT the taxpayer must withhold using a 12% VAT rate. The correct answer is P60,000, which is 12% of P500,000.
- Author
- rosie posie
- Language
- EN