liam, a non-VAT taxpayer sold to Sam, a VAT taxpayer, his goods for P 50,000....
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liam, a non-VAT taxpayer sold to Sam, a VAT taxpayer, his goods for P 50,000. The next day, Sam sells the same goods to lory, a VAT taxpayer for P 89,600. Lory on the same day, sold the same goods to PCSI Co., Inc, a VAT taxpayer, and an accredited exporter in the Philippines for P 123,200. The next day, PCSI Co., exports the same goods for $ 7000 to USA ($1 = Php 45).
All amounts given are total invoice prices.
Question: The Overpayment of PCSI is:
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