Seminars Schedules

Title V – Other Percentage Taxes

Friday, 8 July 2011, 14:02 | Category : National Taxes, Other Percentage Tax
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SEC. 116. Tax on Persons Exempt from Value-Added Tax (VAT). – Any person whose sales or receipts are exempt under Section 109(V) of this Code from the payment of value-added tax and who is not a VAT-registered person shall pay a tax equivalent to three percent (3%) of his gross quarterly sales or receipts: Provided, […]