Which importation in 2011 is subject to VAT? (2012 Bar Question)
2012 Bar Exam · Taxation Law · Question 67 · Multiple choice
The question
Which importation in 2011 is subject to VAT? (2012 Bar Question)
- A.Importation of fuels by a person engaged in international shipping worth P20 Million;
- B.Importation of raw, unprocessed, refrigerated Kobe beef from Japan by a beef dealer for sale to hotels in Makati City with a fair market value of P10 Million;
- C.Importation of wines by a wine dealer with a fair market value of P2 million for sale to hotels in Makati City;
- D.Importation of books worth P5 Million and school supplies worth P1.2 million.
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