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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

Value-Added Tax (VAT) - Transactions Deemed Sale Subject to VAT

Examine the following scenarios and determine whether the transactions described are subject to Value-Added Tax (VAT) under R.A. No. 8424, as amended, and its implementing regulations:

  1. A registered business buys raw materials from a local supplier and uses them to manufacture products for sale.
  2. An individual imports electronic gadgets for personal use.
  3. A non-profit organization holds a fundraising event and sells tickets to the public.
  4. A real estate developer sells a residential property to a buyer.
  5. A doctor provides medical services to a patient and issues an official receipt for the services rendered.


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