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    Export Sales of Goods Foreign Currency Denominated Sale Sale of Gold To The BSP

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    naztig_017
    Only domestic sale of goods in the regular course of trade or business is not considered zero rated for VAT purposes. Export sales of goods and foreign currency denominated sales are zero rated. The sale of gold to the Bangko Sentral ng Pilipinas is also zero rated for VAT.

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    Export Sales of Goods Foreign Currency Denominated Sale Sale of Gold To The BSP

    Uploaded by

    naztig_017
    19 views1 page
    Only domestic sale of goods in the regular course of trade or business is not considered zero rated for VAT purposes. Export sales of goods and foreign currency denominated sales are zero rated. The sale of gold to the Bangko Sentral ng Pilipinas is also zero rated for VAT.

    Original Description:

    Tax Review Question

    Original Title

    T40

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    Only domestic sale of goods in the regular course of trade or business is not considered zero rated for VAT purposes. Export sales of goods and foreign currency denominated sales are zero rated. The sale of gold to the Bangko Sentral ng Pilipinas is also zero rated for VAT.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    19 views1 page

    Export Sales of Goods Foreign Currency Denominated Sale Sale of Gold To The BSP

    Uploaded by

    naztig_017
    Only domestic sale of goods in the regular course of trade or business is not considered zero rated for VAT purposes. Export sales of goods and foreign currency denominated sales are zero rated. The sale of gold to the Bangko Sentral ng Pilipinas is also zero rated for VAT.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Question: Which of the following VAT transactions are not considered zero rated?

    export sales of goods


    domestic sale of goods in the regular course of trade or business
    foreign currency denominated sale
    sale of gold to the BSP

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