Multiple Choice: Problems 2

1. Don Pepito imported a harvester from the United States with a total cost of P 1,100,000 before Customs duties. The im
a. P 158,400
b. P 145,200
c. P 129,600
d. P0
2. In the immediately preceding problem, assuming that the importation is made by an agricultural cooperative, What is the V
a. P 158,400
b. P 144,000
c. P 129,600
d. P0
3. Mr. Smile, a professional practitioner, imported the following:
Calculators and computers
P 900,000
for his firm
Books P 600,000
Total P 1,500,000
How much is subject to VAT on importation?
a. P0
b. P 900,000 P440,000
c. P 1,200,000
d. P 1,500,000
4. Mr. Juan Manuel Marquez arrives in the Philippines with an immigration visa. He had with him the following:
Clothing, shoes and apparels P 100,000
ProfessionalP150,000
instruments and implements
Personal car P300,000
Total costs of personal belonging P550,000
Compute the total amount subject to the VAT on importation?
a. P0
b. P 200,000
c. P 300,000
d. P 550,000
5. Mr. Xhi, a non-VAT taxpayer, made the following domestic purchases of goods:
Purchase of scrap metalsP200,000
from a PEZA- locator
Purchase of machine fromP800,000
a VAT supplier
What is the imposable VAT on importation?
a. P0
b. P 24,000
c. P 96,000
d. P 120,000

B
D
B
C
B
00 before Customs duties. The importation is subject to 10% Customs duties. What is the VAT on importation?