The term "sale or exchange ofservices" means theperformance of all kinds ofservices in the Philippines forothers for a fee, remunerationor consideration, whether inkind or in cash, including thoseperformed or rendered by thefollowing, exceptConstruction and servicecontractorsLessors of property, whetherpersonal or realThe right or the privilege to usemotion picture films, films, tapesand discsTransportation contractors on theirtransport of goods or cargoes,including persons who transportgoods or cargoes for hire and otherdomestic common carriers by landrelative to their transport of goodsor cargoes

Sale A seller who sells goods, products, or services to the buyer expecting money in return is known…

Answered: The term "sale or exchange of services"…

The term "sale or exchange of services" means the performance of all kinds of services in the Philippines for others for a fee, remuneration or consideration, whether in

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter19: Family Tax Planning

Section: Chapter Questions

Problem 1DQ

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Question

The term "sale or exchange of
services" means the
performance of all kinds of
services in the Philippines for
others for a fee, remuneration
or consideration, whether in
kind or in cash, including those
performed or rendered by the
following, except
Construction and service
contractors
Lessors of property, whether
personal or real
The right or the privilege to use
motion picture films, films, tapes
and discs
Transportation contractors on their
transport of goods or cargoes,
including persons who transport
goods or cargoes for hire and other
domestic common carriers by land
relative to their transport of goods
or cargoes

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