Learn how to compute 12% VAT in 3 minutes. Gross, Net, Inclusive, Exclusive.

Learn how to compute 12% VAT in the Philippines. What formula to use and what is Gross of VAT, Net of VAT. How to remember which is Inclusive or exclusive. Taxation tips for Accounting students, graduates, reviewees. Vat in Official receipts, Resibo. CPA board exam quick review tutorial.

[AccountingTipsPH]

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[tiktoklyrics]

Sa lahat ng napanuod ko, dito ako nadalian. Thank you so much po 💖💖💖

[choco_nchipz]

Literally watching this just to ensure I know how to compute vat in my exam today😹❤

[marlonreyes]

napahanap aki ng wala sa oras buti nalang madaling intindihin tong review niyo po hehe thanks po..

[andraebaluyut]

Salamat ♥️ Almost second sem ako nag aaral wala akong maintindihan pero sa 3 minutes lang na gets ko lahat 🤣

[moshimosh]

thank you for summarizing an hour lecture that I cant even understand into a 3 minute helpful video. this is my ticket to pass my exam hahahahahahahahha

[Rod-bpow]

The categorization/classification of Taxes was definite, inclusive of the way respective taxes was sorted accordingly, NEX GIN classifications, Exempt and Inclusive of VAT types accordingly.

[jimmybuster]

Hindi siya boring kasi sa music mo nakaka smart po. Nakakagana ung background music.

[anonymoushuehuecanauhtlus]

Thank you! I can finally rest HAHAHAHA

[lujille]

Thank you for explaining, Ask lang po if saan nakuha ung 112% sa computation ng GROSS of VAT?

[noone-okll]

Bukas na po preboard wala akong Pinag aralan haha salamat po

[jazzy]

Helpful! may i know also if the problem is silent.. total invoice amount lang ang sinabe, is its assume vat inclusive or total invoice amount is like exclusive? Thank you so much! ❤️🙌

[leusmaximusx]

Why or in what instance is the SALE becomes a VAT exclusive,
because a seller will sell the product with the VAT collected from the buyer, & shown in the receipt as included in the transaction.

so the formula for output VAT should same with Purchase VAT, for regular sales transaction with receipt/ invoice
in the given example, for normal sales :
OutVAT = 540, 000 *12/112 = 57, 857.14

Net Payable = 57, 857.14 - 24, 000 = 33, 857.14

agree ?


thanks for the reply

[Tonton-irje]

The receipt of the mobile phone charger shows that you just bought if for Php 2, 100.00 The receipt shows that the total amount is broken down between the selling price of the charger which is Php 2, 050.00 and the value added tax which is Php 50.00 If the amount of VALUE ADDED TAX CORRECT?

[michellejuego]

salamat po sa dinami dami ng sinearch ko kung pano makuha ang VAT sa inyo lang po ang tumama

[laylasmith]

Thank you po sa explain. Ask ko lang din po ba na ang input at output vat at inclusive or gross of vat?

[BossJakeTV]

Sir, pwede ka makagawa ng video about withholding tax? :D

[madelapales]

I have a question regarding the entry of Vat.. can u help me?☺️


Land rental 95, 000
Vat12%
Expanded tax 5%

My Answer

Land rental 95, 000 dr
Output tax 11, 400 dr
Expnded tax 4, 750 cr
Cash in bank 101, 650 cr

Imy answer is correct or not?? Thank you

[JAE_BeautyShop]

Ito na din po yung computation na babayadan sa bir kapag tax inclusive si supplier?

[EatToBite]

next vid on computing zerorated at vat ex