VAT FOR BUSINESS EXPLAINED!
8:29
YouTubeHeelan Associates
VAT FOR BUSINESS EXPLAINED!
Wondering what 'VAT' is all about? In this video Dan runs you through some examples of how VAT works, and how it affects your business. 2025 Update: https://youtu.be/Xx1n1wf3n1s Topics include: How does VAT work What is VAT What does VAT mean When to register for VAT VAT threshold Is VAT good for new business When is it a good idea to VAT ...
153.8K viewsJul 14, 2020
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May mga Products/Services that are EXEMPT from BOTH VAT and Percentage Tax (regardless of sales threshold). These are automatically VAT and Percentage Tax-exempt, kahit mag-exceed pa sila ng ₱3M in annual sales. Examples: 1. Educational services by accredited schools 2. Sale of agricultural & marine food products in their original state (e.g., palay, corn, fresh fish, manok, baboy) 3. Rental of residential property with 15k/unit/month or less. 4. Books and other educational reading materials (ph
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May mga Products/Services that are EXEMPT from BOTH VAT and Percentage Tax (regardless of sales threshold). These are automatically VAT and Percentage Tax-exempt, kahit mag-exceed pa sila ng ₱3M in annual sales. Examples: 1. Educational services by accredited schools 2. Sale of agricultural & marine food products in their original state (e.g., palay, corn, fresh fish, manok, baboy) 3. Rental of residential property with 15k/unit/month or less. 4. Books and other educational reading materials (ph
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