Below is the data of selected accounts of a taxpayer, with VAT and non-VAT business. No inventories were done at the start and end of the taxable…

Below is the data of selected accounts of a taxpayer, with VAT and non-VAT business. No inventories were done at the start and end of the taxable period.

  • Purchases, all from VAT suppliers,
  • Exclusive of VAT                   Php 750, 000
  • Sales, exclusive of any tax:          
  • Exports, VAT business                  850, 000
  • Exports, non-VAT business              600, 000
  • Domestic sales, VAT business             200, 000
  • Domestics sales, non-VAT business                 250, 000

How much is VAT payable on domestic sales?

Select one:

a. Php 53, 000

b. Php 0

c. Php 27, 000

d. Php 14, 400

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