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How much is the output vat on the sale of real property

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Question - Alex is in the course of trade selling real property. During the month of February, it had the following data (per sales document, inclusive of vat) Cash sales P5450000 Sales on deferred payment basis (initial payments exceeds 25% of selling price) 350,000

The real property sold for cash had a zonal value of P600000 exclusive of vat and the property sold under deferred payment basis had a fair market value of P200000, exclusive of vat. How much is the output vat on the sale of real property?

Reference no: EM133057797

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