news service, has used communication 2. Agence France Press, facilities to send its news to its head office in Paris, France. During the current month, it paid a total of P500,000 for its overseas communications originating from the Philippines. How much is communication/percentage tax due? а. Р60,000 a b. P50,000 c. P20,000 d. None

news service, has used communication 2. Agence France Press, facilities to send its news to its head office in Paris, France. During the current month, it paid a total of P500,000 for its overseas communications originating from the Philippines. How much is communication/percentage tax due? а. Р60,000 a b. P50,000 c. P20,000 d. None

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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X is a percentage tax business. X issued a VAT-invoice for goods sold in the amount of P12,400 inclusive of VAT. The goods were bought for P8,000 exclusive of VAT. How much is the VAT payable? * О РО O P1,329 O P1,488 О Р369
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