How much is the total percentage tax due

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Question - Nicanor registered as a non-VAT taxpayer in 2019 with a capital of Php 100,000. His summary of gross sales are the following:

2019 - Php 1,000,000

2020 - Php 4,000,000

2021 - Php 2,000,000

How much is the total percentage tax due in 2021 assuming Nicanor updated his registration in 2020 and has not made any changes in 2021?

ABC Corp. sold goods to the Bureau of Internal Revenue in the amount of Php 100,000.00 after winning the bid. ABC Corp. purchased the goods it sold from from XYZ Corp., a VAT-registered taxpayer at a cost of Php 50,000.00.

How much is the VAT due and still payable (overpayment)?

Reference no: EM133088543

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