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Determine his estimated VAT payable

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Question - Christian joins a Christmas bazaar by buying and selling Christmas decors and giveaways. He's been in the trading business for 5 years and a VAT registered agent. Last year, his accumulated purchases were P480,800 (VAT inclusive), and sold P750,000 (VAT exclusive). Determine his estimated VAT payable?

Reference no: EM133077434

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