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    This document contains two exercises related to taxation. Exercise 1 lists eight scenarios and asks to determine if common carrier's tax applies and if it is domestic or international. Exercise 2 lists 20 scenarios and asks to determine the appropriate business tax for each, including traders, services, common carriers, franchises, banks, sports leagues, and businesses providing accommodation. The document provides context for summarizing taxation obligations in the Philippines across various industries and services.

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    This document contains two exercises related to taxation. Exercise 1 lists eight scenarios and asks to determine if common carrier's tax applies and if it is domestic or international. Exercise 2 lists 20 scenarios and asks to determine the appropriate business tax for each, including traders, services, common carriers, franchises, banks, sports leagues, and businesses providing accommodation. The document provides context for summarizing taxation obligations in the Philippines across various industries and services.

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    This document contains two exercises related to taxation. Exercise 1 lists eight scenarios and asks to determine if common carrier's tax applies and if it is domestic or international. Exercise 2 lists 20 scenarios and asks to determine the appropriate business tax for each, including traders, services, common carriers, franchises, banks, sports leagues, and businesses providing accommodation. The document provides context for summarizing taxation obligations in the Philippines across various industries and services.

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    91 views2 pages

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    This document contains two exercises related to taxation. Exercise 1 lists eight scenarios and asks to determine if common carrier's tax applies and if it is domestic or international. Exercise 2 lists 20 scenarios and asks to determine the appropriate business tax for each, including traders, services, common carriers, franchises, banks, sports leagues, and businesses providing accommodation. The document provides context for summarizing taxation obligations in the Philippines across various industries and services.

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    of 2

    MINDANAO STATE UNIVERSITY - GENERAL SANTOS CITY

    DEPARTMENT OF ACCOUNTANCY
    ACCTG163: REVIEW IN TAXATION

    EXERCISE 1: Determine which of the following shall be subjected


    to common carrier’s tax (domestic or international)

    1. Transport of passengers by land of VAT-Registered domestic common


    carrier.
    2. Transport of passengers by land by a non-VAT registered domestic
    common carrier, whose annual sales exceed P3,000,000
    3. Transport of goods and cargoes by land by non-VAT registered
    domestic common carrier.
    4. Transport of passengers, goods and cargoes by sea by a
    VAT-registered domestic common carrier.
    5. Transport of passengers, goods and cargoes by air by a
    VAT-registered domestic common carrier.
    6. Transport of passengers, goods and cargoes by banca.
    7. Fees received by Cathay Pacific on freight and cargo originating
    from the Philippines. Passage of documents were sold in Singapore.
    Cathay Pacific is an airline maintaining flight operations to and
    from the Philippines.
    8. Gross receipts from sale of tickets by an agent of British Airways,
    an airline with no flight operations to and from the Philippines,
    for transport of passengers from Singapore to London.

    EXERCISE 2: Determine the appropriate business tax of the following


    transactions
    1. A trader of goods whose receipts exceed P3,000,000
    2. A seller of service whose gross receipts exceed P3,000,000
    3. Domestic common carriers transporting passengers. Gross
    receipts for the year amounted to P2,800,000
    4. Domestic common carriers transporting passengers. Gross
    receipts for the year amounted to P3,500,000
    5. Domestic common carriers transporting good/cargoes. Gross
    receipts for the year amounted to P2,600,000
    6. Domestic common carrier (VAT Registered) transporting goods or
    cargoes. Gross receipts for the year amounted to P2,250,000.
    7. Domestic common carriers transporting goods or cargoes. Gross
    receipts for the year amounted to P4,000,000.
    8. International air carrier transporting passengers only.
    9. International air carrier transporting goods only.
    10. International carrier transporting passengers and cargoes
    11. A radio television broadcasting franchise. Gross receipts for
    the preceding year amounted to P12,000,000.
    12. A VAT-registered radio broadcasting franchise. Gross receipts
    for the preceding year amounted to P8,000,000.
    13. A telephone franchise grantee offering local and overseas
    communication services. Gross receipts for the year amounted to
    P25,000,000.
    14. A telephone franchise grantee offering local and overseas
    communication services. Gross receipts for its first year of
    operations amounted only to P4,000,000.
    15. Philippine commercial bank
    16. PBA, a professional basketball league
    17. Operator of Jai-Alai
    18. Saint Claire Dormitory
    19. The Pearl Hotel
    20. New Wave Resort

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