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BM2215

NAME: DATE: SCORE:

ACTIVITY
Value-Added Tax (VAT) (35 POINTS)
Direction: Indicate whether the following items are EXEMPT, % TAX, or VATABLE by putting a check (✔) on
their corresponding columns.

EXEMPT % TAX VATABLE


1. Seller of agricultural food products
2. Furniture shop
3. Vegetable trader
4. Private college
5. Private hospital
6. Dentist
7. Hospital drugstore
8. Non-profit elementary school
9. Government College
10. Restaurant
11. Bus operator
12. Hotel
13. The operator of domestic sea travel
14. Life insurance company
15. Mall
16. Domestic airliner
17. Lessor vessels or aircraft
18. Banks
19. Taxi Operator
20. International carriers
21. Keepers of garage
22. Book publisher
23. Quasi-banks
24. Dealer of household appliances
25. Dealer of a commercial lot
26. Insurance agent
27. Employee
28. Contractor
29. Processor of sardines
30. Auto parts dealer
31. Manufacturer of hog feeds
32. Seller of fertilizer and seeds
33. Fisherman
34. Fish vendor
35. Textile manufacturer

10 Activity 1 *Property of STI


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