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Value Added Tax

?

Which of the following is not subject to VAT?

Importation of goods in the ordinary course of business
Importation of items for personal use
Franchise grantees of radio broadcasting whose gross receipt for the preceding year was P9,000,000
VAT-registered person, whose annual gross receipt is less than P3,000,000

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

Correct answer: (C)
Franchise grantees of radio broadcasting whose gross receipt for the preceding year was P9,000,000

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