VAT example

The following data were provided by Halo Mango Delight, a VAT taxpayer, for October, November, and December 2021 (VAT excluded): Compute the Value added tax of the store for the 4th Quarter of 2021. (Show computation in solving the problem).
VAT ratio = 12%.

Gross Sales P 1,700,000.00
Purchases from VAT Suppliers 640,000.00
Purchased from Non-VAT Suppliers 50,000.00

Correct answer:

VAT =  129428.57 Php

Step-by-step explanation:

Did you find an error or inaccuracy? Feel free to write us. Thank you!

Tips for related online calculators
Our percentage calculator will help you quickly calculate various typical tasks with percentages.
Do you have a linear equation or system of equations and looking for its solution? Or do you have a quadratic equation?

You need to know the following knowledge to solve this word math problem:

Related math problems and questions: