Business Taxation | Value Added Tax: Exempt Transactions - Section 109 (A) of the Tax Code

Value Added Tax: Exempt Transactions - Section 109 (A) of the Tax Code

Timestamps:
00:00 Overview of Business Taxes
01:27 VAT Registration
05:26 Marginal Income Earners
07:35 Tax Implications of Marginal Income Earners
14:30 Sample Invoice of a VAT Exempt Sale
17:12 Exempt Transactions - Sec. 109(A)
20:23 Illustrations
24:58 Exempt Transactions - Sec. 109(A)
28:36 Outro

References:
National Internal Revenue Code of 1997 As amended by Republic Act (RA) No. 10963 (TRAIN), RA 11256, RA 11346, RA 11467 and RA 11534 (CREATE)
Tax & Accounting Center Ph https://taxacctgcenter.ph/rmc-60-2020...

#ExemptTransactions #BusinessTaxation #TaxCode

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