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WorksheetsPH T#x #nq##ry
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
Since Xendit PH passes the 12% VAT on the transaction fees, a VAT-registered merchant is no longer required to pay VAT on their sales of goods/services to its customers.
a)
True
b)
False
2.
A merchant who is subject to VAT is no longer subject to income tax.
a)
True
b)
False
3.
Merchants and Xendit PH are liable to income tax separately on their respective profits.
a)
True
b)
False
4.
If a merchant insist that they are VAT-exempt, the transaction fees of Xendit PH should also be exempt from VAT.
a)
True
b)
False
5.
If a merchant is VAT-registered and collects VAT from its sales to customers, the merchant is liable to remit the VAT collected to the tax office.
a)
True
b)
False
6.
A merchant is not considered a Top Withholding Agent (TWA) by the tax office. But since Xendit PH is considered a TWA, the merchant is required to withhold taxes on their payments to Xendit PH.
a)
True
b)
False
7.
Even if the merchant is a non-VAT registered, they cannot refuse to pay the VAT on the transaction fees of Xendit PH.
a)
True
b)
False
8.
Xendit PH is liable for the income tax from the cash collected from the sale of the merchants.
a)
True
b)
False
9.
If the merchant is non-VAT registered, it cannot collect VAT from its customers.
a)
True
b)
False
10.
Xendit PH cannot pay the income tax of the merchant.
a)
True
b)
False
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