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  • Exporting Canned and Preserved Fruits To Korea. in 2014, He Made A Gross Sales of P2,000,000. He Is Liable For VAT Registration of 1,000 1,500 Exempt

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    naztig_017
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    Elaine runs a fruit business where she buys and sells fresh fruits at Nepo Mart and exports canned and preserved fruits to Korea. In 2014, Elaine's gross sales totaled P2,000,000. Based on this information, Elaine is liable for VAT registration since her gross sales exceeded P1,500,000.

    Original Description:

    Tax Review Question

    Original Title

    T1

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    Elaine runs a fruit business where she buys and sells fresh fruits at Nepo Mart and exports canned and preserved fruits to Korea. In 2014, Elaine's gross sales totaled P2,000,000. Based on this information, Elaine is liable for VAT registration since her gross sales exceeded P1,500,000.

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    © All Rights Reserved
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    12 views1 page

    Exporting Canned and Preserved Fruits To Korea. in 2014, He Made A Gross Sales of P2,000,000. He Is Liable For VAT Registration of 1,000 1,500 Exempt

    Uploaded by

    naztig_017
    Elaine runs a fruit business where she buys and sells fresh fruits at Nepo Mart and exports canned and preserved fruits to Korea. In 2014, Elaine's gross sales totaled P2,000,000. Based on this information, Elaine is liable for VAT registration since her gross sales exceeded P1,500,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Question: Elaine is engaged in the buying and selling of fresh fruits at the Nepo Mart.

    He is also
    exporting canned and preserved fruits to Korea. In 2014, he made a gross sales of P2,000,000. He is
    liable for VAT registration of
    500
    1,000
    1,500
    exempt

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