Practice question
A private supply agreement allocates VAT cost to the buyer and states that the seller therefore need not file any VAT return for the taxable sale. Evaluate the attempted change in legal responsibility.
Legal references
- NIRC Sections57-58,105-106 and110: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
- RA12023, current digital-services VAT and reverse-charge provisions: https://lawphil.net/statutes/repacts/ra2024/ra_12023_2024.html
Answer this question in flashcards to review your response and continue practicing.