2010 – 2015 TAXATION BAR EXAM QUESTIONS ON VALUE-ADDED TAX An importer of flowers from abroad in 2011: (2012 Bar Question)

The question

2010 – 2015 TAXATION BAR EXAM QUESTIONS ON VALUE-ADDED TAX An importer of flowers from abroad in 2011: (2012 Bar Question)

1. A.Is liable for VAT, if it registers as a VAT person;
2. B.Is exempt from VAT, because the goods are treated as agricultural products;
3. C.Is exempt from VAT, provided that his total importation of flowers does not exceed P1.5 Million;
4. D.Is liable for VAT, despite the fact that it did not register as a VAT person and its total annual sales of flowers do not exceed P1.5 Million.

This question has not been answered yet.