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Philippine Bar review · Question

Practice question: Transactions Deemed Sale Subject to VAT

Multiple Choice Easy

Practice question

Which withdrawal is expressly within the deemed-sale provision?
  1. Moving goods between shelves for ordinary selling
  2. Reviewing an inventory list
  3. Using a display label
  4. Nonbusiness consumption of goods originally intended for sale or business use
  5. Negotiating a future supply contract

Legal references

  • NIRC Section 106(B): https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html

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