VAT-QUIZ NO.

1
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1. One of the following transactions by a VAT-registered

person does not result to output VAT

a. Cash sales
b. Sales on account
c. Sales and leaseback
d. Export sales

2. In case of importation of taxable goods, who shall be liable

to VAT?

a. Importer, whether an individual or corporation and whether or not made in the

course of his trade or business
b. Importer if made in the course of ordinary course of trade or business only
c. Importer if corporation and only when made in the course of trade or business
d. None of the choices

3. In Value-added taxation, this is not a requirement for

taxability of service

a. In the courses of business

b. Performed within or outside the Philippines
c. Consideration received actually or constructively
d. Supply of service is not exempt from VAT
STATEMENT 1: For purposes of the threshold of P 3,000,000,
the husband and the wife are considered as separate
taxpayers. STATEMENT 2: The seller of goods or services is
the one statutorily liable for the payment of VAT but the
amount of the tax may be shifted or passed on to the buyer,
transferee or lessee of the goods, properties or services.

a. True, False
b. False, True
c. False, False
d. True, True

Three of the following are exempt from value-added tax. Which

is the exception?

a. Sales of medicines to in-patients of a hospital

b. Services rendered by persons subject to percentage tax
c. Receipts from leasing of real properties
d. Export sales by persons who are not value-added tax registered

Which of the following statements is true?

a. A Hongkong national comes to the Philippines for a tourist visit in Boracay shall
be entitled to a 20% discount on plane fare and hotel accomodations
b. A senior citizen who buys “fishball” from an ambulant vendor shall be entitled to a
20% discount on plane fare and hotel accomodations
c. The monthly electric bill on a senior citizen shall be subject to 5% discount based
on the amount which is net of VAT
d. A multi-millionaire senior citizen shall be also entitled to the 20% discount

Hanna, non-VAT taxpayer, purchased merchandise worth P

11,200, VAT inclusive from Willie, a VAT registered seller. The
passed on VAT of P 1,200 on the purchase is

a. an expense
b. part of the cost of purchases
c. a tax credit
d. Ignored
Which of the above transactions is VAT exempt?

a. Transaction 1
b. Transaction 2
c. Transaction 3
d. Transaction 4

Based on the information above, which transaction is zero

rated?

a. Transaction 1
b. Transaction 2
c. Transaction 3
d. Transaction 4

Ayris, 70 years old, took an airconditioned Amabegat bus in

San Isidro City with a normal fare of P 800 from San Isidro City
to Cagayan. How much should be paid by Ayris to the bus
conductor?

P571.43
Your answer

Lolo Dyoswa, 90 years old, tendered a lunch for his two

grandchildren, Ina and Eydyey in one popular fastfood chain in
town. Ina ordered spagetti, drinks and burger with an invoice
price of P 85.00, gross of VAT. Eydyey ordered chicken with
rice and drinks with an invoice price of P92.00, while Lolo
Dyoswa ordered chicken with spagetti and drinks worth of P
106.40, gross of VAT. How much should be paid by Lolo
Dyoswa for the foods ordered?

Your answer

Which of the following statements is not correct?

a. Transitional input tax is 2% of the value of the inventory or the actual VAT paid,
whichever is higher
 b. Amounts received from services performed by an individual pursuant to
employee-employer relationship are exempt from VAT
c. Export sales by VAT registered persons are not subject to VAT
d. Export sales by persons who are not VAT-registered are VAT exempt

Transaction by a VAT-registered taxpayer which is not subject

to VAT:

a. Foreign currency denominated sale

b. Export sale
c. Transaction deemed sale
d. Sale of services rendered in foreign countries

Aileen, a Japanese residing in the Philippines bought garments

from Hannah Corporation, a domestic corporation and
exported the same to Japan. Total value of export is P
100,000. VAT (output tax) due on the transaction is

a. P 10,000
b. P 5,000
c. None, because 0% applies
d. None, because the sale is exempt from VAT

The account title to best reflect the value-added tax on a

purchase

a. Sales tax payable

b. Valued added tax payable
c. Input tax
d. Output tax

Sunny Boy Corporation is requesting the Bureau of Internal

Revenue to exempt is from the payment of value-added tax on
its purchase of prime commodities from suppliers and
manufacturers for the reason that is enjoying exemption from
all taxes under the Cooperative Code of the Philippines.
***Statement 1: The Sunny Boy Corporation is not subject to
the value-added tax because the tax is imposed by law on the
seller and not on the buyer.****Statement 2: The VAT
component of any purchase is not a tax on the cooperative but
a part of its cost of purchases, hence there is no tax to
complain of.

a. True, True
b. False, True
c. True, False
d. False, True

Cooperative is non-taxable on its income and also exempt

from other types of taxed mentioned in the

a. RA 9250
b. RA 9520
c. RA 9298
d. RA 9892

The Cooperative Code of the Philippines was implemented on

a. 2010
b. 2009
c. 2008
d. 2007

Which statement is wrong? Transactions considered “ in the

course of trade or business” and therefore subject to the
business taxes include.

a. Regular conduct or pursuit of a commercial or economic activity by a stock

private organization.
b. Regular conduct or pursuit of a commecial or economic activity by a non-stock,
non-profit private organizations.
c. Isolated services in the Philippines by non-resident foreign persons.
d. Isolated sale of goods or services for a gross selling price or receipt of P 800.

Which of the following shall be subject to VAT?

Which of the following shall be subject to VAT?

a. Sale of a residential house and lot
 b. Sale of apartment house
c. Sale of a private car by its owner

Bukas Sarah, VAT-registered real estate dealer, transferred a

parcel of land held for sale to her son as gift on account of his
graduation. For VAT purposes, the transfer is

a. Not subject to VAT because it is a gift

b. Subject to VAT because it is deemed sale transaction
c. Not subject to VAT because it is subject to gift tax
d. Subject to VAT because it is considered an actual sale

Rhea Generics, a VAT-registered person engaged in a taxable

activity as a wholesaler of goods decides to discontinue the
activity and engages instead in life insurance business, a
business not subject to VAT. What is the tax consequence on
his goods or properties originally intended for sale or use in
business and capital goods which already existed when he
decided to change his business?

a. The goods are not subject to VAT because the taxpayer is already VAT-exempt
b. The goods are subject to VAT as deemed sale transaction
c. The goods are not subject to VAT because wholesalers are generally exempt
from VAT
d. The goods are subject to VAT only when they are actually sold by the new owner

Which of the following shall not be considered as poultry for

VAT-exempt transactions purposes?

a. Fowls
b. Ducks and geese
c. Fighting Cocks
d. Turkey

Which of the following is subject to VAT?

a. Medical, dental, hospital and veterinary services

b. Laboratory services
c. Sale of drugs and medicine in the hospital’s pharmacy or drug store
 d. Medicines administered to a patient confined in the hospital

The exemption from VAT of educational services does not

include:

a. Seminars and review classes

b. In -service training
c. Other similar services rendered by persons who are not accredited by DepED
and/or the TESDA
d. All of the choices

A VAT-registered domestic carrier operating air, land and sea

transport equipment acquired vehicles for use in its operation
to transport goods and cargoes. The domestic carrier:

a. can claim input taxes on the said acquisitions

b. cannot claim input taxes on the said acquisitions
c. can claim input taxes only on the acquisitions of air and sea transport vehicles
d. can claim input taxes only on the acquisition of land transport vehicles

Ate Chammy Corporation is a real estate dealer and has a real

property for sale amounting to P 1,000,000. Act Sell
Corporation, a real estate developer, exchanged its real estate
properties for shares of stocks of Ate Chammy Corporation
resulting to the acquisition of corporate control. How much is
the output tax using 12% VAT rate?

Your answer

Which of the following shall be subject to Value-added tax on

sale or exchange of services

a. Construction and service contractors

b. Stock, real estate, commercial customs and immigration brokers
c. Lessors of property, whether real or personal
d. All of the choices

Which of the following is not a requisite for the VAT taxability

of a service transaction in the Philippines?
 a. Services are performed in any part of the world as long as the business is
registered in the Philippines
b. Services are performed in the Philippines only
c. Services are not VAT-exempt under the Law or international agreement
d. Services are rendered for valuable consideration actually or constructively
received.

Which of the following is not a characteristic of VAT?

a. Tax on gross sales

b. Tax on consumption
c. Tax on sellers
d. Tax on buyers

The following are considered in the original state, except

a. Copra
b. 100% Ground meat
c. Dried fish
d. Sardines

Which of the following goods is both VAT-exempt and OPT-

exempt?

a. Processed agricultural food products

b. Imported goods
c. Non-agricultural food products
d. Marine food products in their original state

Which of the following is subject to VAT?

a. Pawnshops
b. Overseas calls originating from the Philippines
c. Offshore destination charges of freight forwarder
d. Lending investors

Which of the following shall be subject to Value-Added Tax?

a. Any person who, in the course of his trade or business sells, barters, exchanges
or leases goods or properties
 b. Any person who, in the course of his trade or business, renders service
c. Any person who imports goods
d. All of the choices

****First statement: For VAT purposes, a taxable person is any

person liable to pay the VAT, whether registered or registrable
in accordance with the Tax Code. ******Second statement:
The status of a “ VAT registered person” as a VAT-registered
person shall continue until the cancellation of such
registration.

a. Both statements are correct

b. Both statements are incorrect
c. Only the first statement is correct
d. Only the second statement is correct

Who shall be statutory liable to pay for the tax on sale of

goods or properties and sale of services and lease of
properties?

a. Buyer
b. Seller
c. Consumer
d. None of the choices

Value-Added Tax is

a. a specific tax
b. indirect tax
c. a local tax
d. none of the choices

Which of the following shall not be considered livestock for

VAT-exempt transactions purposes?

a. Cows
b. Bulls and calves
c. Sheep
d. Race Horses
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VAT QUIZ NO. 2

sta.mariadorieshane_2324@col.gendejesus.edu.ph Switch account

* Indicates required question

Email*

Record sta.mariadorieshane_2324@col.gendejesus.ed
u.ph as the email to be included with my response

Which of the following is not subject to business tax?

a. Sale of goods, services and lease of property in the ordinary course of trade or
business.
b. Importation of goods into the Philippines, whether for personal or business use
c. Gratuitous transfer
d. All of the above

The term "in the course of trade or business does not include

a. Regular conduct or pursuit of a commercial or economic activity.

b. Incidental business transactions.
 C. Transactions by any person, regardless of whether or not the person engaged
therein is a non-stock, non-profit private organization (irrespective of the disposition
of its net income and whether or not it sells exclusively to members) or government
entity.
d. None of the above

Value added tax

a. Is an indirect national tax levied on the value added in the production of a good
(or service) as it moves through the various stages of production.
b. Is an ad valorem tax.
c. Is preferred in place of a personal income tax by many economists because
income taxes are a disincentive to work, whereas vat discourages unnecessary
consumption.
d. All of the above.

Value added tax

a. Is a form of sales tax

b. Is likewise imposed on barters or exchanges.
c. It is collected through the tax credit method or invoice method
d. All of the above

The main object of the value added tax is the transaction. A

transaction subject to vat could either be:

a. A sale, barter, or exchange of goods or properties in the ordinary course if trade

or business.
b. A sale of service in the course of trade or business.
c. An importation of goods, whether or not made in the ordinary course of trade or
business.
d. All of the above

Who is the one statutorily liable for the payment of VAT?

a. consumer
b. buyer
c. seller
d. buyer or seller

Which of the following taxes describes the value added tax?

 a. Income tax
b. Sales tax
c. Indirect tax
d. Personal tax

Which of the following is incorrect?

a. An article exempt from vat may also be exempt from percentage tax
b. An article subjected to excise tax may be subjected to vat
C. A taxpayer may be subjected both to vat and percentage tax
d. None of the above

Which of the following is incorrect?

a. A vat-taxable article may be exempt from vat

b. A vat-taxable article may be subject to vat
c. A taxpayer may have two businesses where one is subject to vat and the other is
subject to percentage tax
d. Manufacturers and importers of goods are subject to excise tax

Which is incorrect?

a. A taxpayer whose annual gross receipts or sales exceeds P3,000,000 shall pay
vat even if not vat registered.
b. A taxpayer whose annual receipts or sales do not exceed P3,000,000 but who is
vat registered shall pay vat.
c. A non-resident lessor or foreign licensor who is not vat-registered is subject to
vat.
d. None of the above

Registration of taxpayers under the vat system may be

classified as, except

a. Mandatory vat registration

b. Optional vat registration
c. Mixed vat registration
d. None of the above

The following data were provided by spouses Pedro and Ana.

In 2021, Pedro's gross receipts from his practice of profession
was P2,850,000 while her wife, Ana, has gross sales of
P2,200,000 derived from her trading business. Assuming they
are not vat registered, will they be subject to vat?

a. Yes, because their aggregate gross receipts/sales exceeded the vat threshold of
P3,000,000.
b. No, because for purposes of vat threshold, husband and wife shall be considered
as separate taxpayers.
c. Yes, because their gross receipts/sales are not specifically exempt from vat as
provided in the Tax Code.
d. None of the above

Pol is a certified public accountant. He applied for work and

was hired by a Firm which is engage in Business Process
Outsourcing, handling accounting work for US entities. He was
paid for his services. How should Pol treat such payment for
business tax purposes?

a. Subject to 12% VAT

b. Subject to Percentage Tax
c. Exempt from VAT and Percentage Tax
d. It is a zero-rated transaction

Where even if there is a business, there is no vat to be

imposed beginning January 1, 2021 in the following cases:

I. Sale of real properties not primarily held for sale to customers or held for lease in
the ordinary course of trade or business.
ll. Sale of real properties for socialized housing
III. Sale of residential house and lot and other residential dwellings valued at
P3,199,200 and below.

One of the following is not an activity subject to VAT:

a. Sale in retail of goods by a dealer

b. Sale of Bamboo poles by a dealer
c. Sublease of real property in the course of business
d. Importation of ordinary feeds for poultry chicken

The following are exempt from vat, except

 a. Sale of 1 sack of rice
b. Sale of lechon manok
c.Sale of pet food
d. Sale of newspaper

The following are exempt from vat, except

a. Sale of marinated fish

b. Sale of gold to the BangkoSentralngPilipinas
c. Association dues, membership fees, and other assessments and charges
collected by home owners associations and condominium corporations.
d. None of the above

Which of the following shall be exempt from vat?

a. Services of banks.
b. Services of money changers and pawnshops.
c. Services of credit cooperatives.
d. All of the above

Where even if there is no business, vat is imposable on:

l. Importations of goods for personal use

II. Services rendered in the Philippines by nonresident foreign persons, even
isolated, shall be considered as being rendered in the course of trade or business.

Which of the following is exempt from VAT?

a. Common carriers transporting passengers by air within the Philippines

b. Common carriers transporting passengers by sea within the Philippines
c. Common carriers transporting passengers by land within the Philippines
d. Common carriers transporting cargoes by air within the Philippines

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