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Determine the appropriate business tax for each of the following types of transactions or businesses described below.

If the transaction or business is subject to:
- 12% VAT, write "V"
- Percentage Tax, write "PT"
- Exempt from business tax, write "E"

**TRANSACTION/BUSINESS**

1. Sale of cotton.
2. Importation of fertilizers.
3. Trader of fresh fruits whose gross receipts exceed P3,000,000.
4. Trader of goods whose gross receipts exceed P3,000,000.
5. A seller of services whose gross receipts exceed P3,000,000.
6. A practicing Certified Public Accountant whose gross receipts during the year amounted to P3,800,000.
7. Domestic common carriers transporting passengers by land. Gross receipts for the year amounted to P2,800,000.
8. Domestic common carriers transporting passengers by land. Gross receipts for the year amounted to P4,000,000.
9. Domestic common carriers transporting goods or cargoes. Gross receipts for the year amounted to P2,600,000.
10. Domestic common carriers (VAT registered) transporting goods or cargoes. Gross receipts for the year amounted to P2,250,000.
11. Domestic common carriers transporting goods or cargoes. Gross receipts for the year amounted to P6,000,000.
12. Lhazadha, an online shopping company.
13. Dormitories
14. Legal fees
15. Review schools for government licensure examinations.
16. International air carriers on their transport of passengers.
17. International air carriers on their transport of goods.
18. International carriers transporting passengers and goods.
19. Nonresident foreign licensors.
20. Nightclubs
21. A radio television broadcasting franchisee. Gross receipts for the preceding year amounted to P12,000,000.
22. A VAT registered radio television broadcasting franchisee. Gross receipts for the preceding year amounted to P8,000,000.
23. A telephone franchise grantee offering local and overseas services.

Answer :

It's important to note that the appropriate business tax classification may vary depending on specific regulations and exemptions in the jurisdiction where the transactions/businesses are conducted.

Here is the appropriate business tax classification for each transaction/business:

1. Sale of cotton: Exempt from business tax (E)

2. Importation of fertilizers: 12% VAT (V)

3. Trader of fresh fruits whose gross receipts exceed P3,000,000: Percentage Tax (PT)

4. Trader of goods whose gross receipts exceed P3,000,000: Percentage Tax (PT)

5. Seller of service whose gross receipts exceed P3,000,000: Percentage Tax (PT)

6. Practicing Certified Public Accountant with gross receipts of P3,800,000: Percentage Tax (PT)

7. Domestic common carriers transporting passengers by land with gross receipts of P2,800,000: Exempt from business tax (E)

8. Domestic common carriers transporting passengers by land with gross receipts of P4,000,000: 12% VAT (V)

9. Domestic common carriers transporting goods or cargoes with gross receipts of P2,600,000: Exempt from business tax (E)

10. Domestic common carriers (VAT registered) transporting goods or cargoes with gross receipts of P2,250,000: 12% VAT (V)

11. Domestic common carriers transporting goods or cargos with gross receipts of P6,000,000: Percentage Tax (PT)

12. Lhazadha, an online shopping company: 12% VAT (V)

13. Dormitories: Percentage Tax (PT)

14. Legal fees: Percentage Tax (PT)

15. Review schools for government licensure examinations: Percentage Tax (PT)

16. International air carriers on their transport of passengers: Exempt from business tax (E)

17. International air carriers on their transport of goods: Exempt from business tax (E)

18. International carriers transporting passengers and goods: Exempt from business tax (E)

19. Nonresident foreign licensors: 30% final withholding tax (FWT)

20. Night clubs: Percentage Tax (PT)

21. Radio television broadcasting franchisee with gross receipts of P12,000,000: Percentage Tax (PT)

22. VAT registered radio television broadcasting franchisee with gross receipts of P8,000,000: 12% VAT (V)

23. Telephone franchise grantee offering local and overseas services: 12% VAT (V)

It's important to note that the appropriate business tax classification may vary depending on specific regulations and exemptions in the jurisdiction where the transactions/businesses are conducted. It is advisable to consult with a tax professional or the local tax authority to ensure accurate tax classification and compliance.

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