The following data is available pertaining to Gotcha, a VAT-registered person for a taxable period

Sales to customers, exclusive of VAT P 600,000

Personal drawing of goods by Gotcha 50,000
Purchases of goods, exclusive of VAT 500,000
Imported equipment sold to Gotcha by a tax-exempt seller 100,000

1. The value-added tax on importation, if any?

2. Assume the same facts in #1, the VAT payable/(excess input tax) of Gotcha for the taxable period is?

ABC Cosmetics Inc. started its business paying percentage. Later on as its business improves, it registered
under the VAT system. The following information were taken from its records on the last month as non-VAT
taxpayer:
Inventory beginning:
Raw material P 250,000
Work-in process 540,000
Finished Goods 460,000
Supplies 50,000
Property, Plant and Equipment 5,000,000
Intangible Assets 1,000,000
Input Tax:
Inventory, beginning 25,000
Property, Plant and Equipment 90,000
Intangible Assets 34,800

3. How much is the transitional input tax?

Mighty Builders is a contractor. It entered of a contract on February 1, 2018, which was completed on
February 15, 2019. It received the total value of the contract amounting to P 5,500,000 on February 25, 2019.
Mighty Builders spent for the materials used in the contract which it acquired from VAT-registered suppliers
costing P1,500,000. During the month of February 2019, it purchased an equipment with total agreed price of
P 2,500,000 and paid P1,000,000. All amounts were exclusive of value-added tax.

4. The VAT payable for February 2019?

5. Assuming the amount collected was P2,000,000, the VAT payable/refundable for February 2019?

A, a VAT-registered person had the following data for April 2019 (VAT not included):
a. Export Sale of feeds for animals
i. For human consumption P 1,500,000
ii. For race horses and fighting cocks 500,000
b. Domestic sale of feeds for animals
i. For human consumption 750,000
ii. For race horses and fighting cocks 250,000
c. Input tax which cannot be directly attributed
to any of the above sales 100,000

6. The output tax for April is?

7. Using the above data, the VAT still due/(excess input tax) is?

A, VAT registered trader has the following transactions in 2020:

Sales of goods to private entities, net of 12% VAT P 2,500,000
Purchases of goods sold to private entities, gross of 12% VAT 896,000
Sales to a GOCC, net of 12% VAT 1,000,000
Purchases of goods sold to GOCC, net of 12% VAT 700,000

8. How much is the withholding VAT?

9. How much is the standard input tax?
10.How much is the creditable input tax on sale to private entities?
11.How much is the VAT payable/(excess input tax)?

Lola Immaculada, 63 year old grandmother, was treated by her grandchildren Conrado, Crispin and Pedro to
Max’s restaurant during grandparent’s day and their total bill is P2,000 (exclusive of VAT).

12.How much is the Discount of the senior Citizen?

13.How much is the VAT?
 14.If the seller is a non-VAT enterprise, how much is the discount of the Senior Citizen?

ABC Corporation has the following sales during the month:

a. Sale to private entities subject to 12% vat P 1,000,000
b. Sale to private entities subject to 0% VAT 1,000,000
c. Sale to government subject to 5% final withholding tax 1,000,000
d. Sale of goods exempt from VAT 1,000,000
The following input taxes were passed on by its VAT suppliers:
i. On taxable goods (12%) 50,000
ii. On zero rated sales 30,000
iii. On sale to the government 40,000
iv. On sale of exempt goods 20,000
v. On depreciable capital goods not attributable to any specific
activity 200,000

15.The unrecoverable input VAT which may be recognized as cost or expense?

16.The input VAT which may be refunded?
17.The total creditable input VAT?

An invoice issued for the sale of VAT taxable goods shows the following:
Total invoice amount P 50,400
Less: trade discount of 5% 2, 520
Net P 47,880

18.If the VAT taxpayer enjoys a partial exemption of 40% including VAT and the amount is VAT inclusive,
how much is the output tax?

The records of A Travel Hotel show the following, net of VAT for 2018
Ave. Monthly Rent per
No. of rooms Room Annual Rent per room
10 P 12,000 P 1,440,000
10 P 15,000 P 1,800,000
20 P 20,000 P 4,800,000

19.The output VAT for the year?

A, a vat taxpayer, sold the following in 2021:

Selling Price Book Value
Old warehouse P 3M P 4M
Old factory P 6M P 5M
Old residential house P 8M

20.The output VAT is?

A VAT taxpayer purchased the following machineries for the second quarter of 2018 ( VAT not included)
Life Cost
Asset 1 April 10 4 years P 800,000
Asset 2 April 20 5 years 1,000,000
Asset 3 May 14 3 years 600,000
Asset 4 May 20 2 years 400,000
Asset 5 June 10 3 years 600,000
Asset 6 June 15 6 years 1,200,000

21.The input tax for April 2018 is?

22.The input tax for May 2018 is?
23.The input tax for June 2018 is?
24.The input tax for the quarter ending June 2018 is?
25.On January 22, how much unutilized VAT may the taxpayer apply against any output VAT until it is
fully utilized?

Sumilco, a manufacturer of refined sugar, became subject to VAT effective December 1 of the current
year. During the month, the following are its data:
Refined sugar with drawn from refinery, inclusive of VAT P 924,000
Purchases of
 Supplies from VAT registered suppliers 38,500
Packaging materials, VAT inclusive 27,060
Sugar cane from planters 350,000
Water bill 12,000
Salaries of officials and employees 150,000
Inventory per balance sheet, December 1
Packaging materials 17,875
Supplies purchased from VAT registered persons 14,850
Supplies purchased from nom-VAT registered suppliers 4,750

26.The VAT payable/(excess input tax) is?

ABC, a VAT- registered taxpayer, had the following cumulative data for the 1 st quarter of 2019 (VAT not
Included):
January February March
Sales P 1,000,000 P 2,400,000 P 3,800,000
Purchases from VAT suppliers 400,000 900,000 1,400,000
Purchase of machinery from VAT suppliers ( 3 years 1,200,000
life )

There was an excess of input taxes over output taxes of P50,000 for the quarter ending December 2018.

27.The VAT payable for January 2019 is?

28.The VAT payable for February 2019 is?
29.The VAT payable for March 2019 is?

30.The following are the data of City Appliance Marketing Corporation, for the last quarter of 2018.
Sales up to December 15, total invoice value P 336,000
Purchases up to December 15, net of input tax 215,000
Additional information:

On December 16, 2018, City Appliance Marketing Corporation retired from the business and the
inventory valued at P190,000 was taken and transferred to New City Appliance Corporation. There is a
deferred input tax from the third quarter of P3,500.

How much is the total VAT due and payable by City Appliance Marketing Corporation in its operations
in the last quarter and its retirement from the business?