Note: Apply Philippine Taxation Nicanor registered as a non-VAT taxpayer in 2019 with a capital of Php 100,000.   His summary of gross sales are the following: 2019 - Php 1,000,000 2020 - Php 4,000,000 2021 - Php 2,000,000   How much is the total percentage tax due in 2021 assuming Nicanor updated his registration in 2020 and has not made any changes in 2021?

SWFT Corp Partner Estates Trusts
42nd Edition
ISBN:9780357161548
Author:Raabe
Publisher:Raabe
Chapter14: Taxes On The Financial Statements
Section: Chapter Questions
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Note: Apply Philippine Taxation

Nicanor registered as a non-VAT taxpayer in 2019 with a capital of Php 100,000.

 

His summary of gross sales are the following:

2019 - Php 1,000,000

2020 - Php 4,000,000

2021 - Php 2,000,000

 

How much is the total percentage tax due in 2021 assuming Nicanor updated his registration in 2020 and has not made any changes in 2021?

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