How much is the VAT payable at the end of January

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Reference no: EM132712803

Question - Taxpayer became subject to value-added tax on January 1, 2019, by registering under the VAT system.

2018 Jan. 2019

Net Sales Php 1,000,000 Php 100,000

Net purchases from VAT supplier 400,000 60,000

Inventory, end 22,000 10,000

How much is the VAT payable at the end of January 2019?

Reference no: EM132712803

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