c.

Not pay a consumption tax if the seller is a

1. The tax on domestic non-resident
consumption is referred to as *  
a. VAT on importation d. Not pay a consumption tax regardless of
b. Business tax the residency of the seller
   
c. Either A or B
Which of these import consumptions is
d. Neither A nor B
tax free? *
  1/1
2. The tax on domestic a. Importation from a seller not engaged in
consumption from foreign trade or business
supplier is * b. Importation from a seller engaged in trade
1/1 or business
c. Both A or B
a. VAT on importation d. Neither A nor B
   
b. Business tax
c. Either A or B  
d. Neither A nor B Which type of consumption will pay
  consumption tax? *
1/1
3. Which is vatable agricultural
input? * a. Domestic consumption
1/1  
a. Fertilizers b. Foreign consumption
b. Pesticides c. Both domestic and foreign consumption
d. Neither domestic nor foreign consumption
 
c. Seeds  
d. Seedlings The VAT as a business tax is *
0/1
 
4. Who is the statutory tax payer to a. 12% of sales or receipts
the VAT on importation? *  
0/1 b. 12% of purchases
c. 12% of mark-up
a. Foreign seller
d. 3% of mark-up
b. Domestic buyer
c. Both A and B  
  The VAT on importation is *
d. Neither A or B 0/1
  a. 12% of sales
Foreign consumption shall * b. 12% of purchases
0/1 c. 12% of mark-up
 
a. Pay consumption tax if the seller is
d. 3% of mark-up
resident
b. Pay consumption tax if the seller is a non-  
resident
Which is not a vat-exempt poultry? *
1/1  
a. Ducks d. Koi fish
b. Geese
c. Turkeys
 
d. Game fowl roosters Which importation is subject to the VAT
  on importation *
0/1
  a. Importation by a person engaged in
Which is an incorrect statement? * business
0/1  
a. Consumption taxes are always indirect in b. Importation by a person not engaged in
nature business
b. Consumption taxes effectively tax c. Both A or B
everyone in the state d. Neither A nor B
c. Consumption taxes apply only when the
goods and services are destined for  
consumption within the Philippines Which of these is non-vatable? *
  1/1
d. Consumption taxes may encourage saving a. Lovebirds
formation b. Parrots
c. Goldfish
  d. Milkfish
The tax on consumption from resident  
supplier is *
1/1  
a. VAT on importation Which is correct regarding consumption
b. Business tax tax? *
  0/1
c. Either A or B a. It may help in the redistribution of wealth
d. Neither A nor B to society
b. It is entirely based upon the consumer’s
  ability to pay
Which is not a business tax? *  
0/1 c. It applies to both domestic and foreign
a. VAT on importation consumption
b. Business tax d. It applies only when the seller is non-
c. Either A or B resident
d. Neither A nor B
 
 
The percentage tax is generally *
The following are considered as pets 0/1
which are vatable when imported a. 3% of the sales
except for * b. 3% of purchases
c. 3% of mark-up
1/1
 
a. Janitor fish d. 12% of mark up
b. Goldfish
c. Catfish  
Which is tax upon the usage of c. Ad valorem tax
income? *  
0/1 d. Specific tax
a. Savings tax  
b. Investment tax Domestic consumption is taxable when
  the seller is *
c. Consumption tax 0/1
d. Business tax
a. Non-resident
  b. Resident
Which is subject to VAT on  
importation? * c. Either a resident or a non resident
1/1 d. Both a resident and a non-resident
a. Foreign consumption from resident sellers  
b. Foreign consumption from foreign sellers Which form of consumption tax is
c. Domestic consumption from resident
sellers
free? *
d. Domestic consumption from non-resident 0/1
sellers a. Sales to a resident
  b. Sales to a non-resident
c. Importation by an importer engaged in
  business
Which is subject to business tax? * d. Importation by an importer not engaged in
1/1 business
 
a. Foreign consumption from resident sellers
b. Foreign consumption from foreign sellers
c. Domestic consumption from resident
sellers
 
d. Domestic consumption from non-resident
sellers

 
Which of these animals is vatable when  
imported? * Which is subject to VAT importation? *
1/1
0/1
a. Cows
b. Rabbits a. Wheat
c. Goats  
d. Race horses b. coffee bean
  c. barley
d. cocoa
 
As to incidence of tax, VAT on Which is vatable on importation? *
importation is a form of * 0/1
0/1
a. Tea leaves
a. Direct tax b. Tobacco leaves
b. Indirect tax
c. Cayenne pepper
Which is not generally considered a pet
 
d. Chinese cabbage under the regulation? *
1/1
Which of the following is subject to the
a. Rabbits
VAT on importation when imported? *
 
1/1 b. Zoo animals
c. Race horses
a. Books d. Fighting cocks
b. Table sugar
   
c. Mushroom
Which of these seeds is not VAT-
d. Ordinary salt
exempt? *
 
1/1
Which of these is VAT exempt on
a. Corn seeds
importation? * b. Mustard seeds
1/1 c. Flower seeds
 
a. Almonds d. Cabbage seeds
b. Blueberries
c. Ginseng roots  
d. All of these
  Which is subject to VAT on
importation? *
 
1/1
Which seedling is vatable? *
a. Cocoon silk
1/1 b. Pineapple silk
c. Agricultural Furniture
a. Grafted mango seedling
d. All of these
b. Pomelo seedling
c. Narra seedling  
   
d. Guava seedling
Which of the following feeds is subject
  to VAT on importation? *
Which is VAT-exempt? *
1/1
0/1
a. Formulated horse feeds
a. Coconut lumber  
  b. Corn grits
b. Coconut broom sticks c. Swine feeds
c. Coconut shells d. Broiler feeds
d. Coconut meat
 
 
 a. Rubber tree
Feeds of the following animals are
 
considered as specialty feeds, except b. Paper tree
for * c. Palm oil tree
d. Mahogany tree
1/1
a. Zoo animals
 
b. Aquarium fish Which is VAT-exempt? *
c. Livestock
1/1
 
d. Fighting cocks a. Cotton soft wood
b. Cotton seeds
  c. Cotton wool
d. None of these
Which is Vat-exempt? *
 
1/1
a. Peacock feathers
 
b. Eggs Which is not exempt from VAT? *
  0/1
c. Hamsters
d. Leather a. Sunflower seeds
b. Beeswax
  c. Peanuts
d. None of these
Which is subject to value added tax? *
 
1/1
a. Sheep
 
b. Sheep wool Which is vatable? *
  1/1
c. Cut sheep meat
d. All of these a. Bamboo shoots
b. Banana hearts
  c. Banana fruits
d. Bamboo poles
Which agricultural product is subject to
 
VAT? *
1/1  
Which agricultural produce is exempt
a. Honey
b. Rattan cane from VAT? *
  0/1
c. Sugar cane
d. Sugar beets a. Rubber
b. Abaca hemp
  c. Copra
d. Firewood
Seedlings of this tree are exempt from
 
VAT on importation *
0/1  
Which is not subject to VAT on 0/1
importation? * a. importation from abroad
0/1 b. Purchase of goods from economic zones
of the Philippines
asa. Importation of goods for personal use c. Both A and B
b. Importation of goods for business use  
c. Purchase of goods from Cosine entities d. Neither A nor B
 
d. Purchase of goods from other domestic Which of the following is not exempt
seller
from VAT? *
  1/1
Which agricultural product is VAT-
a. Grapes
exempt on importation? * b. Oranges
c. Orchids
1/1
 
a. Charcoal d. Kiwi fruits
b. Wood
c. Lumber
d. Corn
 
 
Which of the following when imported is
subject to VAT? *
1/1
a. Rubber
 
b. Corn
c. Cacao
d. Peanuts

 
Which non-food agricultural product is
exempt from, VAT on importation? *
0/1
a. Chicken manure
 
b. Eggs
c. Live hogs
d. Cattle

 
Which importation is subject to VAT? *