Académique Documents
Professionnel Documents
Culture Documents
OUTPUT TAX X X
INPUT TAX
X
(60) (180) 0
5. embassies, qualified
employees and dependents-
subject to the RR
3. enterprise whose
export sales exceed
70% of total annual
production (EXPORT-
ORIENTED
ENTERPRISE)
EXCEPT:
those rendered by PROFESSIONALS and sales
of drug by a hospital drug store
regular sales:
1,919,500
3,199,200
750,000
450,000
180,000
RMC 77-2008:
engagement in business or trade involves the
following:
10,000,000
ALL are EXEMPT
EXCEPT: ALL unrelated activities
LANDED COST
+ EXCISE TAX
---------------
VALUE PER BOC TAXABLE BASE
X 12%
+ EXCISE TAXES ---------------
VAT ON IMPORTATION
___________________
TAXABLE BASE LANDED COST:
X 12% INVOICE AMOUNT
+ CUSTOMS DUTIES
---------------- + FREIGHT
+ INSURANCE
VAT ON IMPORTATION + OTHER CHARGES
------------------
LANDED COST
------------------
Assume: Assume:
SALES: 200,000 SALES: 200,000
PURCHASE PRICE: 140,000 PURCHASE PRICE: 100,000
PROCESSING: SM
MANUFACTURING : SON
Elton is a real estate dealer. During the month of November, he sold lots under the
following items: Lot 1 Lot 2 Lot 3
Terms: