1. A non-VAT taxpayer prepared the following summary of sales for the purpose of filing his BIR Form 2551Q (Quarterly Percentage Tax) Sales to VAT Taxpayer P 200,000 Sales to Non-VAT Taxpayer 150,000 Compute the Output VAT
1. A non-VAT taxpayer prepared the following summary of sales for the purpose of filing his BIR Form 2551Q (Quarterly Percentage Tax)
Sales to VAT Taxpayer P 200,000
Sales to Non-VAT Taxpayer 150,000
Compute the Output VAT
2. A VAT-registered practicing lawyer disclosed the following during a month:
Total professional fees billed P 800,000
Total professional fees collected 600,000
Compute the Output VAT
3. A real property dealer sold an agricultural lot for P2,500,000 with the following values:
Appraisal value P3,000,000
Zonal value 2,000,000
Assessed value 1,500,000
Compute the Output VAT.
4. Delfin Corporation, a security dealer, declared the following dividends in March 2020.
Cash dividend P1,200,000
Property dividend 800,000
The property dividend represents various merchandise inventories.
Compute the Output VAT.
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