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TX 34PB1ST-6 PDF
TX 34PB1ST-6 PDF
TX 34PB1ST-6 PDF
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39. V,ihich of the following input. taxes slra 11 not be appli.ed for'conversi.on into Tax
I Credit Cert-ificate (TCC) ?
a. Taput- tax on locaily purchased goods wlr i uh are expul Led
b. rirpul tax on 1ocaI1y purchased goods rvhich are so.ld tc Asian Development Bank
. . .riutilized aclvance VAT payment m.1.je by sel l ei: o I reli ned sugar
i :;namortized input tax on pirrchase of capital goods
4A . A i.,rxpcryer was reg j-stereci under the VAT syslem j n the second . month of the second
fi-sca1 quarter. The fisca-L year startecl June 1., 2A76 . His Certificate of
Registr.';tion shows the ef fective <lat6 on r-he fj rst day of the third mont-h of the
sec,rrt,i quaLtei^. To comply with VAT requirements, what wi-11 he fif e initially?
: . l,ionthly VAT decl aration on or bef ore October 20
t t'lonthly VAT declaration on or before Nowember 20
Quarterly VAT return on or before December 25 ar next working day
i. Norle of the chcices,
i. 41 ;'estaurant owner who sel_ts fcod anil Crink-s in his re.staurant is:
I a sel ler of q1)oo^i.
. a se]Ler of services,
d. not sub j ect tto v;l lue-aclderl lax .
44 Thi s mandates that eo__l{All shal_l be imposed. t-c,ror,nR-parf of the cost of the goocls
r;.,.,' lned for .consumpt.'ion olrt.sicle the territ-orial{borderr7of the taxing authortty.
a. Cross Border Doctrine _
b. Destination Principle
C. Territorial ;urisdiction
d. Reci-pr:ocity Rule
Alt . ",,,, term "Iivesiogk" lor VAT purposjes lnclr-rdes:
. " clogs and cats.
it. race horses.
c. zoo anirna.ls .
d. br-rlls and cafves,
46. Whlch of the following shal be cxemJ-rL f ron: VAT?
r