Operating the "kalesa" is subject to percentage tax on business. B. Operating the "Kalesa" is subject to VAT if the gross annual receipts exceed P3M. C. The transaction is exempt from business tax.
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Juan is the owner of a "kalesa". He charges fees to customers who would want to ride on his "kalesa" and take a tour around the area. What is the tax implication of this to Juan?
A. Operating the "kalesa" is subject to percentage tax on business.
B. Operating the "Kalesa" is subject to VAT if the gross annual receipts exceed P3M.
C. The transaction is exempt from business tax.
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