In cases where purchases of goods are separately billed from the purchase of services, the applicable rate of 1% on goods and 2% on services shall be applied respectively. However, in case of failure to separately bill goods and services, the higher rate of 2% shall apply.
Refreshers

Quiz
•
Business
•
Professional Development
•
Medium
Reanne Dael
Used 2+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The online Travel Authorization Form (TAF) is required if there are only logistical requirements from Admin.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Team Celebration allowance may be used once every month (or a minimum of once every quarter). If the allowance is not used within a quarter, it will be carry over to the following quarter.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For services, certificate of completion (COC), if applicable, is a required document / attachment in PTRS.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Land Travel: Gas allocation for company issued vehicles and gas reimbursements for personal vehicles of managers to Senior VP shall be computed based on below formula:
(Round-trip total KM - 20KM) x Php 7
True
False
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