The importation of vessel or aircraft for domestic operations is

1 point

Vatable.
Always VAT exempt.
VAT exempt if the importer complies with maximum service life set by law.
Vatable if the importer complies with maximum sevice life set by law.

Which is vatable on importation?

1 point

Tea leaves
Tobacco leaves
Cayenne pepper
Chinese cabbage

Which is not a VAT-exempt poultry?

1 point

Ducks
Geese
Turkeys
Gamefoul roosters

Which of the following is subject to VAT on importation when imported?

1 point

Books
Table sugar
Mushroom
Ordinary salt

The importation of professional instruments and implements may be subject

to VAT when the

1 point

Volume is not in commercial quantity.

Goods accompany the person or arrive within 30 days before and after his arrival.
Importation involves vehicles and machineries.
All of these
Mr. A imported various personal and household effects with a value
aggregating P400,000. P320,000 of these was subjected to a 8% customs
duty by the BOC. What is the VAT on importation?

1 point

P0
P41,472
P42,240
P48,000

hich of the following feeds is subject to VAT on importation?

1 point

Formulated horse feeds

Corn grits
Swine feeds
Broiler feeds

If an importer paid 15% customs duties in the amount of P 24,000 plus P

134,000 charges in the Bureau of Customs, what is the VAT on importation?

1 point

P 0
P 18,960
P 35,280
P 38,160

The importation of which transport medium is exempt from VAT?

1 point

Sea
Air
Land
A and B
Compute the VAT on importation

1 point

P 0
P 36,000
P 42,000
P 102,000

Mr. C, a VAT- registered food retailer, imported the following from China:
(Landed Cost) Fruits P 250,000 Vegetables P180,000, Frozen meat P50,000
Marinated milkfish P100,000 Total 580,000 Compute the VAT on
importation.

1 point

P 0
P 12,000
P 51,600
P 69,600

Which is non-food agricultural product is exempt from VAT on importation?

1 point

Chicken manure
Eggs
Live hogs
Cattle

Which importation is subject to VAT?

1 point

Importation from abroad.

Purchase of goods from economic zones in the Philippines
Both
Neithe
Seedlings of this tree are exempt form VAT on importation?

1 point

Rubber tree
Paper tree
Palm oil tree
Mahogany tree

Importation is not subject to VAT when

1 point

Made by a VAT-registered business

Made by a non-VAT-registered business
It involves exempt goods
Coursed through an exempt importer

Which agricultural produce is exempt from VAT?

1 point

Rubber hem
Abaca hem
Copra
Firewood

Which of these is VAT exempt on importation?

1 point

Almonds
Blueberries
Ginseng roots
All of these

Which agricultural product is VAT exempt on importation?

1 point

Charcoal
Wood
Lumber
Corn
1Oceanizers, Inc. Purchased the following from abroad: Sea shells and coral
decors P320,000 Tuna and salmon P120,000 Total P440,000 What is
amount of taxable importation?

1 point

P0
P120,000
P200,000
P320,000

Which is not a qualified exempt importation?

1 point

Importation of fuels or supplies by a person engaged in domestic transport

operations
Importation of fuels or supplies by an international carrier
Importation of cargo vessels and aircraft by those engaged in international transport
operations