PRACTICAL COMPUTATION

Makati Motors Corp. imported 12 units of Traditional Automobile, 2024 year model , 5 seater

GR. ISP : P 1,518,000.00 / unit

Dealer's SRP: P 1,768,800.00 / unit inclusive of ET/VAT

Import cost: P 1,138, 500.00

FIND: TOTAL AVT, NET OF VAT

• P 1,518,000.00

• P 607,200.00

• P 3,036,000.00

• P 7,590,000.00

Speedway Motor Sales imported 18 units of Automobiles (electric motor and gasoline fuel), 2024 year model

Gr. ISP : P 1,135,000.00/ unit

Dealer's SRP: 1,350,000/unit inclusive of ET/VAT

ET/VAT: P 175,000/ unit

Importation cost: P 900,000.00 / unit

FIND : APPLICABLE AVT RATE

• 4%

• 5%

• 10%

• 25%

Car Dealer

Imported 15 units of Automobile - diesel fuel, 2024 year model, 5 seater

Per ISS: SRP - P 1,185,500.00 (with ET/VAT)

GSP : P 973,000.00

ET/VAT: P 98,000.00

Import cost: P 778, 635.00

FIND : TOTAL AVT, net of VAT

• P 2,000,000.00

• P 2,100,000.00

• P 1,312,500.00

• P 2,376,320.00

Car Dealer

15 units of Automobiles - using electricity and diesel fuel, 2024 year model

Net ISP/unit: P 950,000.00

FIND: TOTAL AVT, inclusive of VAT

• P 1, 187,500.00

• P 1,330,000.00

• P 2,375,000.00

• P 2,660,000.00

Customs Broker imported 1 unit of 2024 year model automobile - electric and gasoline for motive power, 5 seater, 1800 cc engine displacement

• P 37,789.26

• P 42,323.97

• P 75,578.52

• P 84,647.94

• P 1,358,000.00

• P 1,445,400.00

• P 1,446,400.00

• P 1,760,000.00