10. the following data relates to the importation of cigarretes by Mr.

Shinto: Total Invoice value 1,000,000 BOC charges 300,0

D 10
B 1
D 2
alue 1,000,000 BOC charges 300,000 Customs Duties 200,000 Excise taxes 300,00 Compute the VAT on importation. a. 120,000 c. 180,000
mportation. a. 120,000 c. 180,000 b. 145,000 d. 216,000 Multiple Choice Problems- Problems 2 1. Don Pepito imported a harvester frok t
Pepito imported a harvester frok the united states with a total cost of 1,100,000 before Customs duties. The importations is subject to 10
The importations is subject to 10% customs duties. What is the VAT on importation? a. 158,000 c. 129,600 b. 145, 200 d. 0 2. In he imme
600 b. 145, 200 d. 0 2. In he immediately preceeding problems, assuming that the importation made by an agricultural cooperative, what
an agricultural cooperative, what is the VAT on importation? a. 158,400 c. 129,600 b. . 144,000 d. 0 3. Mr. Smile, aprofessional practitione
Mr. Smile, aprofessional practitioner, imported the following: Calculators and computers for his firm 900,000 Books