Sa Pilipinas, ang Value Added Tax (VAT) ay ipinapatupad sa pamamagitan ng pagkuha ng 12% na buwis mula sa mga kalakal at serbisyo na ibinenta ng mga negosyante na nakarehistro sa Bureau of Internal Revenue (BIR). Ang mga negosyante ay kinakailangang mag-file ng buwanang at taunang VAT returns upang ireport ang kanilang mga benta at ang VAT na kanilang nakolekta. Ang mga mamimili ay nagbabayad ng VAT bilang bahagi ng presyo ng mga produkto at serbisyo, habang ang mga negosyante naman ay maaaring mag-claim ng tax credits para sa VAT na kanilang binayaran sa mga biniling materyales.
ano ang r-vat
I think it is Ang-Kor-Vat
Sa Pilipinas, may iba't ibang uri ng buwis tulad ng income tax, value-added tax (VAT), estate tax, donor's tax, at local business taxes. Ang bawat uri ng buwis ay may kaniya-kaniyang batayan at paglalarawan kung saan kinukuha ang buwis na ito.
The types of VAT........ 1 ) INPUT VAT @ 4 % 2 ) INPUT VAT @ 1 % 3 ) INPUT VAT @ 12.5 % 4 ) OUTPUT VAT @ 1 % 5 ) OUTPUT VAT @ 4 % 6 ) OUTPUT VAT @ 12.5 %
There is no such term as gross of VAT. The amount with VAT is called the gross amount while the net of VAT is the amount after the VAT has been deducted.
To reclaim VAT, you need to be a registered business that has paid VAT on goods or services. You can reclaim the VAT by submitting a VAT return to the tax authorities, detailing the VAT you have paid and the VAT you have charged. This process allows you to receive a refund for the VAT you have paid.
VAT that is charged by a business and paid by its customers is known as "output VAT" (that is, VAT on its output supplies). VAT that is paid by a business to other businesses on the supplies that it receives is known as "input VAT
vat exclusive
no. because when customer is notpaing vat only he have vat exwmption only/
If the 545 is inclusive of VAT then the VAT element is 71.08, however if the 545 is exclusive of VAT then the VAT would be 81.75
Assuming that we are a registered VAT vendor, when we make a purchase from a non-VAT vendor we cannot claim any VAT input from the purchase due to the fact that no VAT was charged on the supply by the supplier who is a non-VAT vendor.
The difference between vat exclusive and vat inclusive is that vat exclusive is the price before tax is added on. Vat inclusive is the price after tax has been added on.