Republic Acts1 min read
Section 4Sec./Art. 4
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Section 236 of the National Internal Revenue Code of 1997, as amended, is hereby further amended to read as follows:
"SEC. 236. Registration Requirements. 1wphi1
"(A) Requirements. x x x
"xxx
"(G) Persons Required to Register for Value-Added Tax.
"(1) Any person who, in the course of trade or business, sells, barters or exchanges goods or properties, or engages in the sale or exchange of services, shall be liable to register for value-added tax if:
"(a) His gross sales or receipts for the past twelve (12) months, other than those that are exempt under Section 109(A) to (V), have exceeded One million five hundred thousand pesos (P1,500,000); or
"(b) There are reasonable grounds to believe that his gross sales or receipts for the next twelve (12) months, other than those that are exempt under Section 109(A) to (V), will exceed One million five hundred thousand pesos (P1,500,000).
"x x x."
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