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                    [ArticleID] => 175342
                    [Title] => Applying for zero-rated VAT
                    [Summary] => Sonnets Food and Catering Services wants to know if there is a need to apply for zero-rated VAT on its sale of services.


Sonnets  is a VAT registered single proprietorship based at the Mactan Economic Processing Zone in Cebu. The company provides meals for LEAR Corp. (formerly known as United Technologies Automotive (Phils), Inc.),  which is also located at MEPZ. Because it is registered with the Philippine Economic Zone Authority, LEAR is subject to the 5% tax on gross income earned, in lieu of all taxes (except real property  taxes) under RA No. 7916 as amended by RA No. 8748.

                    [DatePublished] => 2002-09-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business As Usual
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SONNETS

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                    [ArticleID] => 175342
                    [Title] => Applying for zero-rated VAT
                    [Summary] => Sonnets Food and Catering Services wants to know if there is a need to apply for zero-rated VAT on its sale of services.


Sonnets  is a VAT registered single proprietorship based at the Mactan Economic Processing Zone in Cebu. The company provides meals for LEAR Corp. (formerly known as United Technologies Automotive (Phils), Inc.),  which is also located at MEPZ. Because it is registered with the Philippine Economic Zone Authority, LEAR is subject to the 5% tax on gross income earned, in lieu of all taxes (except real property  taxes) under RA No. 7916 as amended by RA No. 8748.

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                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business As Usual
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abtest

Applying for zero-rated VAT

September 9, 2002 - 12:00am

Sonnets Food and Catering Services wants to know if there is a need to apply for zero-rated VAT on its sale of services. Sonnets is a VAT registered single proprietorship based at the Mactan Economic Processing...

Business As Usual