True or False 1 F 1. To be subject to VAT, one has to be registered under the VAT system.

Note: Even registrable taxpayers are

ote: Even registrable taxpayers are vatable. F 2. VAT-exempt sales are subject to percentage tax. F 3. A seller is subject to percentage tax if
eller is subject to percentage tax if he is non-VAT registered even if his sales or receipt exceed the VAT threshold. T 4. The 3% general perc
hreshold. T 4. The 3% general percentage tax applies to non-VAT registered taxpayers. F 5. A seller of service which is specifically subject t
rvice which is specifically subject to percentage tax is subject to VAT if its 12-month sales or receipts exceeded the VAT-threshold. F 6. A se
eeded the VAT-threshold. F 6. A seller is subject to percentage tax even if he registered as VAT taxpayer if his annual sales do not exceed t
if his annual sales do not exceed the VAT threshold. T 7. Common carriers are vatable on their transport of cargoes or baggage. T 8. Dom
t of cargoes or baggage. T 8. Domestic sea or air carriers are vatable on their transport of passengers or cargoes. F 9. International carriers
cargoes. F 9. International carriers are vatable on their transport of cargoes or baggage. T 10. Franchise grantees of private franchises are
grantees of private franchises are vatable