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

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2
Q

Special discount of SC on purchase of necessities and commodities

A

5%

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3
Q

TorF Senior citizens and not exempt for OPT

A

T

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4
Q

TorF Toll fees and cigar for SC are subject to 20% discount

A

F

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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)

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