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How much of the receipts is subject to percentage tax

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Reference no: EM133178301

Question - Jackie derived the following receipts from its transport operations:

Cargoes (outbound) - 560,000

Passengers (inbound) - 650,000

Cargoes by water (domestic) - 280,000

Passengers by land (domestic) - 820,00

1) How much of the receipts is subject to percentage tax assuming Jackie is a domestic carrier?

2) How much of the receipts is subject to VAT assuming Jackie is a domestic carrier?

3) How much of the receipts is exempt assuming Jackie is a domestic carrier?

Reference no: EM133178301

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