Practice question
An independent architect voluntarily remains VAT-registered despite modest fees. She claims the 8% option solely because her receipts are below the relevant eligibility ceiling. Which is correct under RR 8-2018?
- Low receipts override every other condition
- VAT registration is irrelevant in every case
- Every architect must elect 8%
- A VAT-registered taxpayer cannot use that option merely by satisfying the receipts ceiling
- VAT payment automatically settles income tax
Legal references
- BIR Revenue Regulations 8-2018, compensation, minimum-wage and professional/GPP rules, read with subsequent amendments: https://bir-cdn.bir.gov.ph/local/pdf/RR%20No.%208-2018.pdf
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