JURISDICTION: PHILIPPINES TRAIN LAW PLEASE PROVIDE A CLEAR…JURISDICTION: PHILIPPINES TRAIN LAWPLEASE PROVIDE A CLEAR DISCUSSION OF THE CONCEPTPLEASE PROVIDE A COMPLETE SOLUTIONS (USE TABLE)NO HAND WRITTEN / PICTURE / SCREENSHOT. THANKS A VAT registered person had the following data on importation of goods from Canada: Purchase price of goods in Canada 1,000,000Freight and insurance premiums 200,000Customs duties 10% of invoice cost plus freight and insuranceOther import charges and expenses before the release ofGoods from customs custody 120% of customs dutiesSelling price of the above goods (exclusive of VAT) 3,200,000 How much is VAT on the importation? Using the same information in the previous question, how much is VAT due on the sale? LawSocial ScienceTax law
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