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Value Added Tax
?
On January 1, 2018, Pedro purchased a condominium unit worth P2,000,000 from Maxima Realty Corporation. A month after, Pedro purchased the adjacent unit for the same consideration. The purchased of the second (adjacent unit) is
Exempt from VAT
Subject to VAT
Subject to 0% VAT
None of the above
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (B)
Subject to VAT
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