Sales 741,600 Purchases 660,000

Sales Returns 24,000 Purchase Returns 36,000

Output Vat 717,600 Input Vat 624,000
Deferred Input Vat 9,500
Output Vat 717,600 Total Input Vat 633,500
Input Vat 633,500
Vat Payable ₱ 84,100
Collections 280,000 Payments 60,000
12% 12%
33600 7200
Reimbursements build to A 20,000 Equipments 20,000
12% 12%
2400 2400
Total Output Tax 36000 Reimbursements build to A 2400
Total Input Tax 12000
Output Tax 36000
Input Tax 12000
Vat Payable 24000
 MIXED TRANSACTIONS

Sales Invoice 336,000 NOT DIRECTLY ATTRIBUTED

VAT Rate 3/28 Repairs 6,000
Output VAT 36,000 Supplies 1,200
Input VAT 7,200
Taxable Sales to Private 300,000
Total Sales (VAT & Non- 500,000
Total Input VAT 4,320

Output VAT 36,000

Input VAT 4,320
VAT Payable ₱ 31,680
(Taxable Sales To Private/Total Sales(Non-VAT and Vat)*Input Vat = Creditable Input Vat)
Machine A 100,000 Output VAT
Machine B 200,000 Sales (Mach C)
Machine C 300,000 VAT Rate
Total Importation 600,000 Total Output VAT
Excise Tax (600k*50%) 300,000
Total Cost 900,000 Input VAT
VAT Rate 12% Purchases (Mach B & C)
VAT paid to BOC ₱ 108,000 VAT Rate
Subjected to (100%+50%)
Total Input VAT
 VAT Payable
1,000,000 Output VAT 120,000
12% Input VAT 90,000
120,000 VAT Payable To BIR ₱ 30,000

500,000
12%
1.50
90,000
Creditable Input Tax
Input VAT on goods for sale 246,400
VAT Rate 3/28
26,400

Supplies 20,000
VAT Rate 12%
2,400

Packaging Materials 56,000

VAT Rate 3/28
6,000

Office Machines 2,000,000

VAT Rate 12%
Useful Life (Months) 60
4,000

Total Allowable Creditable Input Tax ₱ 38,800

Sales 784,000 Purchases 56,000
VAT Rate 3/28 16,800
Total Output VAT 84,000 Total 72,800
VAT Rate 3/28
7,800
Presumptive Input tax 330,000
4%
13,200
Total Input VAT 21,000
Output VAT 84,000
Input VAT 21,000
VAT Payable ₱ 63,000
Output Tax
Domestic Flights, passengers 3,000,000
VAT Rate 12%
360,000

Domestic Flights, cargoes 800,000

VAT Rate 12%
96,000

Rent Income 500,000

VAT Rate 12%
60,000

Total Output Tax ₱ 516,000

Sale of unprocessed agricultural non-food products 150,000
Vat Rate 3/28
16,071

Sale of various merchandise to regular customers 600,000

Vat Rate 3/28
64,286

Sale of other medicines to regular customers 90,000

Vat Rate 3/28
9,643

Total Output Tax ₱ 90,000

The problem is silent, assumed inclusive of vat

Sale of unprocessed agricultural non-food products
Sale of various merchandise to regular customers
Sale of medicines prescribed for diabetes, high cholesterol & hypertension to senior citizens
Sale of medicines prescribed for diabetes, high cholesterol & hypertension to other customers
Sale of other medicines to regular customers
Sale of other medicines to senior citizens
Sale of residential house and lot (cost 2,500,000)
 150,000 Vatable
600,000 Vatable
50,000 Exempt
20,000 Exempt
90,000 Vatable
20,000 Exempt
3,100,000 Exempt