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What is the vat payable

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Reference no: EM133122921

Question - SAN JOSE has the following data (VAT exclusive):

Taxable sales is P1,200,000

Exempted sales is P400,000

Zero rated sales is P200,000

Input tax (cannot be directly determined / attributable to any of the above sales) is P80,000. What is the VAT payable if the company choose to claimed the input tax from zero rated sales as tax refund?

Reference no: EM133122921

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