Section 108, NIRC. A hotel operator that is a VAT-registered person and who leases luxury vehicles to its hotel customers is: (2012 Bar Question)

The question

Section 108, NIRC. A hotel operator that is a VAT-registered person and who leases luxury vehicles to its hotel customers is: (2012 Bar Question)

1. A.Subject to the 3% common carriers tax and 12% VAT;
2. B.Subject to the 3% common carriers tax only;
3. C.Subject to the 12% VAT only;
4. D.Exempt from both the 3% common carriers tax and 12% VAT.

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