In 2021, ABC Corp., a non-VAT taxpayer sold goods to the Bureau of Internal Revenue in the amount of Php 100,000.00 after winning the bid. ABC Corp. purchased the goods it sold from from XYZ Corp., a VAT-registered taxpayer at a cost of Php 50,000 .00 How much is the percentage tax required to be withheld by the BIR?

In 2021, ABC Corp., a non-VAT taxpayer sold goods to the Bureau of Internal Revenue in the amount of Php 100,000.00 after winning the bid. ABC Corp. purchased the goods it sold from from XYZ Corp., a VAT-registered taxpayer at a cost of Php 50,000 .00 How much is the percentage tax required to be withheld by the BIR?

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter16: Accounting Periods And Methods

Section: Chapter Questions

Problem 33P

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