What is the input tax for the month

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Reference no: EM132749189

Question: Input tax on the purchase of capital goods (fixed assets)

On May 2018, Mr. P, a VAT taxpayer, purchased an office equipment with a useful life of 3 years for P800,000. What is the input tax for the month?

On June 1, 2018, Q Co., a VAT taxpayer, purchased a machine with a useful life of 6 years (72 months) for P1,200,000. The input tax of the month is?

Reference no: EM132749189

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