Chicken Products from Bounty Assignment

Chicken Products from Bounty Assignment

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Mr. PT is a registered distributor of CDO products and Chicken products from Bounty here in Albay, which is considered the home office. He employed 100 employees and currently considered as one of the largest taxpayers in the province of Albay. Mr. PT is an EFPS user. He pays his rank and file employees under the minimum wage rate. He has also branch in Camarines Sur.
1. Is Mr. PT subject to VAT or OPT? Defend your answer
2. Is Mr. PT require to withhold withholding tax from its employees? Why or why not
3. On its purchases of CDO Products, is Mr. PT required to withhold 2% withholding tax since he is large taxpayer? Why or why not
4. On its purchases of Chicken products, what will be the basis of Mr. PT and the rate to be used for such withholding? Defend your answer
5. How would the income, expenses and purchases of Albay branch and Camarines Sur Branch be reported to the BIR, was it consolidated or not? And what Revenue District Office shall Mr. PT file its returns, RDO 067 which is the RDO of Albay, RDO 065 which is the RDO of Naga City or both RDO? Defend your answer

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