Under the TRAIN law, if monthly rental does not exceed Php 15,000.00 and the total gross receipts does not exceed Php 3 Million, the taxpayer is: Group of answer choices Exempt from Percentage Tax only Exempt from VAT only VATable if the taxpayer is a VAT-registered taxpayer Exempt from VAT and Percentage Tax

Under the TRAIN law, if monthly rental does not exceed Php 15,000.00 and the total gross receipts does not exceed Php 3 Million, the taxpayer is: Group of answer choices Exempt from Percentage Tax only Exempt from VAT only VATable if the taxpayer is a VAT-registered taxpayer Exempt from VAT and Percentage Tax

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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