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How much is the value-added tax

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Reference no: EM132979412

Question - Biyahe Pilipinas Bus is a common carrier by land. During the month of April 2015, it has the following gross receipts.

Transport of Passengers P1,500,000

Transport of Cargoes 750,000

Excess Baggage 250,000

Required -

1. How much is the CCT?

2. How much is the value-added tax?

Reference no: EM132979412

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