Question: On April 2014, Ms. D registered with the BIR her business of renting her only property not realizing that she was registered as a VAT taxpayer. The total annual rental from March to December 2014 was P236,880. May Ms. D request for the cancellation of her VAT registration and for the exemption from paying VAT for 2014? Yes, the BIR will allow the cancellation of VAT registration but she is still liable for VAT Yes, the BIR will allow the cancellation of her VAT registration and grant the exemption from VAT No, the BIR will not allow the cancellation of VAT registration for a period of 3 years and she is still liable for VAT No, the BIR will not allow the cancellation of VAT registration but she will be exempt from VAT
Question: On April 2014, Ms. D registered with the BIR her
business of renting her only property not realizing that she was
registered as a VAT taxpayer. The total annual rental from March to
December 2014 was P236,880. May Ms. D request for the cancellation
of her VAT registration and for the exemption from paying VAT for
2014?Yes, the BIR will allow the cancellation of VAT registration
but she is still liable for VATYes, the BIR will allow the
cancellation of her VAT registration and grant the exemption from
VATNo, the BIR will not allow the cancellation of VAT registration
for a period of 3 years and she is still liable for VATNo, the BIR
will not allow the cancellation of VAT registration but she will be
exempt from VAT
