Practice question
What is the basic focus of the VAT destination principle?
- Consumption in the taxing jurisdiction
- The seller’s preferred invoice color
- The citizenship of every shareholder
- The currency used in every transaction alone
- The location of a company’s trademark registration
Legal references
- CIR v. Seagate Technology, G.R. 153866, February 11, 2005 (destination principle): https://lawphil.net/judjuris/juri2005/feb2005/gr_153866_2005.html
- Maibarara Geothermal v. CIR, G.R. 250479, July 18, 2022: https://lawphil.net/judjuris/juri2022/jul2022/gr_250479_2022.html
Answer this question in flashcards to review your response and continue practicing.