Which is NOT VAT-Exempted?Select one or more:a.Export sales by individuals who are VAT- registeredb.Sale of nonfood agricultural products in their original statec.Sales by agricultural cooperatives duly registered with Cooperative Development Authority to their members as well as sale of their produce, whether in its original state or processed form, to non-members.d.Services of agricultural contract growers and milling for others of palay into rice, corn into grits and sugar cane into raw
Question
Which is NOT VAT-Exempted?Select one or more:a.Export sales by individuals who are VAT- registeredb.Sale of nonfood agricultural products in their original statec.Sales by agricultural cooperatives duly registered with Cooperative Development Authority to their members as well as sale of their produce, whether in its original state or processed form, to non-members.d.Services of agricultural contract growers and milling for others of palay into rice, corn into grits and sugar cane into raw
Solution
The option that is NOT VAT-Exempted is:
a. Export sales by individuals who are VAT- registered
This is because, according to the Tax Code of the Philippines, only those export sales by VAT-registered persons who are recognized as such by the Bureau of Internal Revenue (BIR) are exempted from VAT. If an individual is VAT-registered but not recognized by the BIR as an exporter, their export sales are not exempted from VAT.
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