6. MR.

F IS A LESSOR OF REAL PROPERTY AND PERSONAL

PROPERTY(CARS). THE TAX THAT HE PAYS IS
A) EXCISE TAX
B) VAT
C) PERCENTAGE TAX
D) NONE OF THE ABOVE
7. MR. S. MAGLER IMPORTED CIGARETTES FROM THE U.S. FOR SALE IN
THE PHILIPPINES. WHAT BUSINESS TAXES IN THE PHILIIPINES ARE
DUE?
A) VAT, EXCISE TAX, OTHER PERCENTAGE TAX
B) VAT AND EXCISE TAX
C) OTHER PERCENTAGE TAX AND EXCISE TAX
D) VAT AND PERCENTAGE TAX
8. STATEMENT 1: FOR PURPOSES OF THE THRESHOLD OF P1,500,000,
THE HUSBAND AND WIFE ARE CONSIDERED AS SEPARATE
TAXPAYERS
STATEMENT 2: THE SELLER OF GOODS OR SERVICES IS THE ONE
STATUTORILY LIABLE FOR THE PAYMENT OF VAT BUT THE AMOUNT
OF THE TAX MAY BE SHIFTED OR PASSED TO THE BUYER, TRASFEREE
OR LESSEE OF THE GOODS, PROPERTIES OR SERVICES
A) TRUE, FALSE
B) FALSE, TRUE
C) FALSE, FALSE
D) TRUE, TRUE
9. THE FOLLOWING ARE DATA OF SPOUSES FIDEL AND AILEEN DURING
THE YEAR:
GROSS RECEIPTS FIDEL AILEEN
FROM BUSINESS:
RESTAURANT 1,350,000
SMALL DEPT. STORE 1,220,000
PRACTICE OF PROFESSION
AS A CPA 254,300
WHICH OF THE FOLLOWING STATEMENTS IS CORRECT?
A) FOR PURPOSES OF THE THRESHOLD OF P1.5 MILLION THE GROSS
RECEIPTS OF FIDEL AND AILEEN SHALL BE COMBINED
B) AILEEN SHALL BE SUBJECT TO VAT EVEN IF SHE DOES NOT
REGISTER VOLUNTARILY UNDER THE VAT SYSTEM
C) FOR PURPOSES OF THE THRESHOLD OF P1.5 MILLION, THE
RESTAURANT AND THE PRACTICE OF PROFESSION ARE CONSIDERED
AS SEPARATE TAXPAYERS
D) FOR PURPOSES OF THE THRESHOLD OF P1.5 MILLION, THE
AGGREGATION RULE FOR EACH TAXPAYER SHALL APPLY. THUS,
THE GROSS RECEIPTS FROM THE RESTAURANT SHALL BE ADDED TO
THE RECEIPTS FROM THE PRACTICE OF PROFESSION

False 6. The final withholding VAT is 12% of the

contract price of purchased services from within
 the Philippines.
False 7. The sale of services abroad is subject to 12%
final withholding VAT.
False 8. The VAT on importation is paid to the BIR.
True 9. The final withholding VAT on services is paid
to the BIR.
False 10. The importation of any agricultural or marine
products is VAT exempt.
True 6. The lease of aircrafts or vessels from non-
residents is exempt from final withholding VAT.
True 7. The purchase of services from foreign
consultants is exempt from final withholding
VAT.
True 8. The importation of fuel, goods, and supplies
by international carriers is VAT-exempt.
False 9. The importation of agricultural machineries by
farmers is VAT-exempt.
True 10. The importation of agricultural machineries
by agricultural cooperatives is VAT-exempt.
6. Which non-food agricultural products is exempt from VAT on importation?
- Live hogs
7. Which of the following is not exempt from VAT?
- Orchids
8. Which seedling is vatable?
- Narra seedlings
9. Which agricultural produce is exempt from VAT?
- Firewood
10. Which is vatable?
- Bamboo poles

6. Which is these is non-vatable?

- Milkfish
7. Which is not a VAT-exempt poultry?
- Game fowl roosters
8. Which of these animals is vatable when imported?
- Race horses
9. Which is a vatable agricultural input?
- Pesticides
10. The following are generally considered as pets which are vatable when imported except for?
- Catfish