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All ▸ Bar 2024 ▸ COMMERCIAL AND TAXATION LAWS ▸ XIII. TAXATION LAW (R.A. No. 8424, as amended by R.A. No. 10963, R.A. No. 11534) ▸ J. Value-Added Tax (VAT) (R.A. No. 8424, as amended, R.R. No. 16-2005, as amended) ▸ 4. Transactions Deemed Sale Subject to VAT

Question

Question:

Under the Value-Added Tax (VAT) system in the Philippines, certain transactions are deemed as sale subject to VAT. Analyze the following scenarios and determine whether or not the transactions are subject to VAT:

  1. A registered business owner selling goods to another registered business owner for business use.
  2. A private individual selling his personal car to another private individual.
  3. A non-profit organization selling merchandise at a fundraising event.
  4. A local government unit leasing its property to a private company for commercial purposes.


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Bar Review Question: Question: Under the Value-Added Tax (VAT) system in the Philippines, certain transactions are deem