2025 Higher Education Learning Solutions Catalog

Business Taxation

CONTENTS CONTENTS

PREFACE

v

FEATURES

vii

CHAPTER 1 INTRODUCTION TO BUSINESS TAXES

1

CHAPTER 2 VAT IN GENERAL

12

CHAPTER 3 VAT ON SALE OF GOODS AND REAL PROPERTY

24

CHAPTER 4 VAT ON SALE OF SERVICES

40

CHAPTER 5 ZERO-RATED SALES

50

CHAPTER 6 VAT ON IMPORTATION

58

CHAPTER 7 OUTPUT AND INPUT TAXES

69

CHAPTER 8 VAT-EXEMPT TRANSACTIONS

83

iii

CHAPTER 9 REGISTRATION AND COMPLIANCE REQUIREMENTS

97

CHAPTER 10 WITHHOLDING AND REMITTANCE OF VAT

110

CHAPTER 11 VAT REFUND OR TAX CREDITS

117

CHAPTER 12 PERCENTAGE TAXES, EXCISE TAXES, AND DOCUMENTARY STAMP TAXES

125

CHAPTER 13 LOCAL TAXES

138

CHAPTER 14 REAL PROPERTY TAXATION

160

APPENDICES

178

GLOSSARY

179

BIBLIOGRAPHY

181

IMAGE ATTRIBUTION

183

INDEX

184

2025 Higher Education Learning Solutions for the Business and Accountancy Program 25

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