Problem related to the vat-registered


Problem: During the year, Juan dela Cruz quit his job and bough a farmland amounting to P1,400,000. He decided to be a farmer and grow napa cabbages which he will supply to nearby public markets and supermarkets. He is registered as VAT-exempt since he is engaged primarily in the sale of seedlings amounting to P40,000. The logistics company is VAT-registered. Assuming all prices are exclusive of VAT. How much is napa cabbages. He imported fertilizers from Thailand amounting to P180,000. He also imported pesticides amounting P150,000. For the P150,000, he purchased it from Uncle Sam, who is also a farmer. Moreover, he procured the services of I Like to Move it Corp, a small logistics company in their area for the input tax he can claim?

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Taxation: Problem related to the vat-registered
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