True 1. The transport services of an international carrier is exempt from VAT. True 2.

Agricultural cooperatives are exempt fro

ltural cooperatives are exempt from VAT. True 3. Electric cooperatives are subject to VAT. True 4. The sale of commercial lots where the s
ale of commercial lots where the selling prices do not exceed P1,919,500 a unit is exempt. False 5. Bookstores are totally exempt from VA
stores are totally exempt from VAT. False 6. Schools are subject to VAT. False 7. Hospitals are subject to VAT. False 8. The export sales by
VAT. False 8. The export sales by VAT taxpayers are exempt from VAT. False 9. The export sales of non-VAT taxpayers are subject to zero-
VAT taxpayers are subject to zero-rated VAT. False 10. Consultants are exempt from VAT because their services are akin to employment. F
ervices are akin to employment. False 11. The leasing of residential units is exempt from VAT if the annual rentals do not exceed P15,000
ual rentals do not exceed P15,000 per unit. False 12. Domestic airliners are exempt from VAT on their transport of passengers. False 13. T
ansport of passengers. False 13. The sale of a residential dwelling by a non-dealer is subject to VAT if the selling price per unit does not ex
selling price per unit does not exceed P3,199,200. True 14. The sale of an adjacent lot to the