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VAT Input Tax Carry Over Analysis

This document shows quarterly VAT calculations for a company from December 2014 through June 2015. It lists the output VAT, input VAT, input VAT carryover amounts, and calculated VAT payable for each quarterly period. The input VAT carryover amounts are used to reduce the VAT payable in subsequent periods.

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Edel Martinez
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40 views2 pages

VAT Input Tax Carry Over Analysis

This document shows quarterly VAT calculations for a company from December 2014 through June 2015. It lists the output VAT, input VAT, input VAT carryover amounts, and calculated VAT payable for each quarterly period. The input VAT carryover amounts are used to reduce the VAT payable in subsequent periods.

Uploaded by

Edel Martinez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Note:

Allowed input tax carry over


Q- Q
Q-M
M-M

Output VAT
Input VAT
IV Carry-over
VAT PAYABLE

Quarterly
2014
31-Dec

2550M
2015
31-Jan

2550M

2550Q

2550M

28-Feb

31-Mar

30-Apr

P 10,000
P 15,000

P 10,000
P 7,000
(P 5,000)
( P 2,000)

P 10,000
P 9,000
( P2,000)
( P 1,000)

P 30,000
P 26,000
( P 5,000)
(P 1,000)

P10,000
P12,000
( P 1,000)
( P 3,000)

(P 5,000)

2550M

2550Q

31-May

30-Jun

P 10,000
P 8,000
( P 3, 000)
(P 1,000)

P 30,000
P 32,000
(P 1,000)
( P 3,000)

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