CIF Value ₱ 225,645.

00
Bank charges ₱ 3,550.00
Wharfage ₱ 1,525.00
Arrastre charges ₱ 2,295.00
Customs duty ₱ 6,000.00
Brokerage fee and documentary stamps ₱ 307.00
Marine cargo insurance ₱ 2,550.00
Landed Cost ₱ 241,872.00
Rate Tax 12%
VAT Payable ₱ 29,024.64

Output Tax (275000*3/28) ₱ 29,464.29

Less: Input Tax
On importation ₱ 29,024.64
Freight from customs to warehouse (exclusive of tax) (2000*12%) ₱ 240.00 ₱ 29,264.64
VAT Payable ₱ 199.65
Imported Goods (12500/10%) ₱ 125,000.00
Customs Duties (10% of Imported Goods) ₱ 12,500.00
Other Charges ₱ 9,500.00
Base ₱ 147,000.00
Rate 12%
VAT Payable on the Importation ₱ 17,640.00
Output Tax
Gross receipts from food and refreshments ₱ 116,200.00
Gross receipts from wines and beer ₱ 58,600.00
Total ₱ 174,800.00
Multiply by 12%
₱ 20,976.00
Less: Input Tax
Purchase of food and refreshments ₱ 51,000.00
Purchases of wines and beer ₱ 39,500.00
Total ₱ 90,500.00
Multiply by 12%
₱ 10,860.00
₱ 10,116.00
Hotel – room rentals ₱ 24,640.00
Restaurant – food and refreshments ₱ 37,440.00
-       Wines and beer ₱ 19,440.00
Total ₱ 81,520.00
Tax Rate 12% 3/28
VAT Payable ₱ 9,782.40 ₱ 8,734.29
Gross sales ₱ 8,721,500.00
Less: Sales returns ₱ 240,500.00
₱ 8,481,000.00
Multiply By 3/28
Output Tax ₱ 908,678.57
Less: Input Tax
Purchases ₱ 7,398,000.00
Multiply By 3/28
Input Tax ₱ 792,642.86
VAT Payable ₱ 116,035.71
Output Tax (336000*12%) ₱ 40,320.00
Less: Input Tax
Purchases of supplies in February (112000*3/28) ₱ 12,000.00
VAT on inventory of supplies, January 1, 2020 ₱ 10,000.00 ₱ 22,000.00
VAT Payable ₱ 18,320.00
Lease of Residential Units
(1000000*3%) ₱ 30,000.00
Lease of Commercial Units
(2300000*3%) ₱ 69,000.00
Total Business Tax- 1st quarter ₱ 99,000.00

Lease of Residential Units

(1200000*3%) ₱ 36,000.00
Lease of Commercial Units
(2400000*3%) ₱ 72,000.00
Total Business Tax- 2nd quarter ₱ 108,000.00

Output Tax (2300000*12%) ₱ 276,000.00

Less: Input Tax ₱ 150,000.00
VAT Payable ₱ 126,000.00
Add: Percentage Tax (1000000*3%) ₱ 30,000.00
Total Business Tax- 1st quarter ₱ 156,000.00

Output Tax (2400000*12%) ₱ 288,000.00

Less: Input Tax ₱ 120,000.00
VAT Payable ₱ 168,000.00
Add: Percentage Tax (1200000*3%) ₱ 36,000.00
Total Business Tax- 2nd quarter ₱ 204,000.00
Sales, exclusive of VAT (112000-12000) ₱ 100,000.00
VAT (112000*3/28) ₱ 12,000.00
Sales discount (100000*2%) -₱ 2,000.00
Total Amount due ₱ 110,000.00
Output Tax:
Sales, shares held as inventory ₱ 5,000,000.00
Multiply by 12%
₱ 600,000.00
Less: Input Tax
Cost of shares, held as inventory ₱ 2,000,000.00
Supplies expense, net of VAT ₱ 100,000.00
Rent expense, net of VAT ₱ 200,000.00
Total ₱ 2,300,000.00
Multiply by 12%
Input Tax ₱ 276,000.00
₱ 324,000.00
Input Taxes:
Raw materials, VAT inclusive (616000*3/28) ₱ 66,000.00
Supplies, inclusive of VAT (448000*3/28) ₱ 48,000.00
Equipment, VAT exclusive (300000*12%) ₱ 36,000.00
Total ₱ 150,000.00

Since input tax againts output tax on export date sale can be refunded or converted into tax credit certificate, then the total in

Allocation:
0 ₱ 3,000,000.00 -> 1/3
Domestic sales, total invoice amount (6,720,000/1.12) ₱ 6,000,000.00 -> 2/3
Total Sales ₱ 9,000,000.00

Total Input Tax ₱ 150,000.00

Multiply By 1/3
Input Tax which can be refunded or converted into tax
credit certificate ₱ 50,000.00
credit certificate, then the total input taxes of P 150,000 should be allocated based on sales.