(b) VAT exempt
(c) VAT zero
(d) withholding VAT
(e) Sorry, I don't know the answer
Many participants from my previous seminars, workshops and trainings told me that I am an ?ANGEL? from up above, -an answer to their prayers, because they felt that the chronic disease being inflicted to them by many revenue officers and some friends and relatives has a real, within arm-reached and doable solution. However, when they asked me if I am a TAX BOOKKEEPER, my answer usually disappointed them.
Many, for the past decades or so, has experienced the emotional stress and mental anguish of having NO ENTRIES IN THEIR BIR-REGISTERED BOOKS OF ACCOUNTS in which resulted to an average P350,000.00 bribe per Letter of Authority (The average number of LOAs issued within a year is 45,000.), notwithstanding, the penalty of TAX MAPPING that ranges from P25,000.00 up to P50,000.00 (Tax Mapping is being conducted twice a year.) The solution is to make easier the making of entries in the BIR registered books of accounts. How? (This is the 2nd problem.)