PROBLEM 1

Sad Boi, a business taxpayer had the following purchases and receipts:
Import of goods or services P 190,000
Domestic purchase of goods or services 100,000
Domestic sales of goods and services 150,000
Export sales of goods or services 50,000
1. Compute the total amount subject to consumption tax to the business
2. Determine the amount subject to consumption tax if the taxpayer is not engaged in business

PROBLEM 2
A business taxpayer recorded the following transactions during the month:
Philippines Abroad
Sales P 350,000 200,000
Purchases 150,000 100,000
3. Compute the output VAT
4. Compute the VAT on importation
5. Output VAT shall be recorded what type of account?
6. Assuming the taxpayer is a Non-VAT taxpayer, compute the percentage tax of 3%
7. In relation to the information given in the previous number, compute the VAT on importation

PROBLEM 3
Christine Sad Girl, imported various personal and household effects with a value aggregating P
400,000. P 320,000 of these was subjected to a 8% customs duty by the BOC.
8. Compute the VAT on importation

PROBLEM 4
Alexis Furnitures, a non-business entity, imported the following household equipment:
Landed cost
Machineries, for business use P 1,150,000
Heating system, for home use 250,000
9. Compute the VAT on importation
10. Compute the output VAT

PROBLEM 5
Happy Boi imported rice from Vietnam. Details of his importation show the following:
Total invoice value P 1,000,000
Freight and insurance in transit 50,000
BOC and other charges 20,000
11. Compute the output VAT
12. Compute the VAT on importation

PROBLEM 6
The following data relates to the importation of cigarettes by Mr. Sad Boigihapon
Total invoice value P 1,000,000
BOC charges 300,000
Customs duties 200,000
Excise taxes 300,000
13.Compute the output VAT
14. Compute the VAT on importation
PROBLEM 7
Mr. Ni Huang, a non-VAT taxpayer, made the following domestic purchases of goods:

Purchase of scrap materials from PEZA-locator P 200,000

Purchase of machine from a VAT supplier 800,000
15. How much is subject to VAT on importation?
16. How much is the imposable VAT on importation?

PROBLEM 8
Atlantis Shipping Company imported P 3,000,000 worth of vessel fuels and supplies for domestic use.
The company earmarked 60% of this for domestic use while 40% was received for its international
operations.
17.How much is the output VAT?
18. How much is the VAT on importation?

PROBLEM 9
Mr. Paubaya Dela Torre imported various merchandise from abroad. The importation was invoiced at
$ 5,000. He also incurred the following costs of importation:

Insurance P 4,000
Freight 15,000
Wharfage fee 4,000
Arrastre charge 7,000
Brokerage feee 8,000
Facilitation fee 5,000

He was also assessed P 24,000 and P 18,000, respectively for customs duties and excise tax. The
applicable rate was P 42.50:$1.

19. How much is the output VAT?

20. How much is the VAT on importation?