Integrity is action based on right values.
This is the #Metrobank efps copy of #AlphanetworldCorporation payment for our March’s 2550Q. #BIR 2550Q corresponds the company’s Value Added Tax payment for the last month of a certain quarter. Value added Tax or VAT is the 12% portion inclusive in all vat registered receipts and sales invoices incurred by an entity in the course of doing business.
The total payment made in lieu of our March’s VAT returns is net of all input VATs from our expenses’ receipts. It is right to say that our 2550Q + 1601 E (please see previous post) = a portion of revenue for a specific month. Now you can do the math and get the bigger picture of a #startupcompaNy sales performance.
Have a lovely evening ahead #Ntrepreneurs