Taxation, 2009 Bar — Q. XIV

2009 BarTaxationQ. XIV

QUESTION

Emiliano Paupahan is engaged in the business of leasing out several residential apartment units he owns. The monthly rental for each unit ranges from P8,000.00 to P10,000.00. His gross rental income for one year is P1,650,000.00. He consults you on whether it is necessary for him to register as a VAT taxpayer. What legal advice will you give him, and why? (4%)

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Taxation, 2009 Bar — Question XIV

QUESTION