
CHAPTER 1: INTRODUCTION TO CONSUMPTION TAXES
Authored by Ronalyn Joy Mercado
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University
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20 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which form of consumption is tax-free?
Sales to a resident
Sales to a non-resident
Importation by an importer engaged in business
Importation by an importer not engaged in business
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Petmalu Company, a resident business, renders services to Mr. Igop, a resident person who is not engaged in business. Identify the statutory taxpayer and the type of consumption tax.
Petmalu Company – Business tax
Mr. Igop – VAT on importation
Mr. Igop – Business tax
Petmalu Company – VAT on importation
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
It is basically a tax on sales
VAT
Percentage tax
Excise tax
Final withholding VAT
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Mr. Llamado, an employee, imported a pair of shoes from Hong Kong. Which consumption tax is he liable to pay?
Business tax
VAT on importation
Both A and B
None of the choices
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Mr. Manila produces an excisable article for sale in the Philippine market. Which is incorrect with respect to Mr. Manila’s business taxation?
Mr. Manila is subject to either VAT or percentage tax.
Mr. Manila pays excise tax in addition to VAT or percentage tax
Mr. Manila pays excise tax in addition to VAT and percentage tax
Mr. Manila will pay excise tax without regard to whether he is a VAT or non-VAT taxpayer
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
It is an imposition on sin products and non-essential commodities.
VAT on importation
Percentage tax
Excise tax
Final withholding tax
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of these import consumptions is tax-free?
Importation from a seller not engaged in trade or business
Importation from a seller engaged in trade or business
Both A and B
Neither A nor B
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