Discount for Senior Citizens Flashcards
1
Q
VAT EXEMPTION FOR SENIOR AND PWD
A
Medicine and drugs; professional fees by health workers; medical, dental, diagnostics and laboratory; fair in land, sea and air; hotels and lodging; culture, leisure and amusement; funeral and burial
2
Q
Special discount of SC on purchase of necessities and commodities
A
5%
3
Q
TorF Senior citizens and not exempt for OPT
A
T
4
Q
TorF Toll fees and cigar for SC are subject to 20% discount
A
F
5
Q
Advance Payment of VAT
A
1,400 per 50 kg for refined sugar
1,000 per 50 kg for other type of sugar
(Advance payment shall be allowed as credit against output tax)