True or False.

11. Pedicab operation is exempt from business tax because it cannot be classified as engaged in business.
12. The trucks are subject to value-added tax because it is presumed that the annual gross receipts will
exceed the P3million threshold.
13. Airline companies and sea vessels are subject to OPT.
14. Owners of parking, lot/building and common carriers engaged in the carrier of goods or cargo are
subject to value-added tax.
15. The business of selling agricultural food products is exempt from VAT and from 3% non-VAT.
16. Persons or transactions which are subject to Other Percentage Tax may still be subject to income tax.
17. A domestic carrier of passengers by land shall be subject to value-added tax if the gross annual sales
or receipts exceed P3,000,000.
18. Sale of goods or services which are subject to Other Percentage Tax are subject also to value-added
tax.
19. If the business is non-VAT and the owner decides to avail of the 8% income tax option, the business
tax payable is exempt.
20. Nightclub is subject to Gross Receipts Tax while that of Banco de Oro is subject to Amusement Tax.