Introduction to Business Taxation, episode 2 of 4

In this episode we discuss the following topics:
-Types of Business taxes: Value Added Tax (VAT), Other Percentage Tax (OPT), and Excise Tax
-VAT and Percentage tax compared
-Transactions subject to Percentage Tax
-Transactions exempt from Business Taxes
-Persons liable to VAT
-Persons liable to Percentage Tax
-Transactions subject to Excise Tax
Look out for EDT Talks Introduction to Business Taxation Episode 3. Episode 3 discusses the characteristics of Value Added Tax.
Feel free to leave questions or clarifications in the comment section below. We would love to address them. Another option is to email the questions to [e-mail]. Like and subscribe, thanks!