Payment and Vat Computation

Payment Options

A. Deposit your payment to any Banco De Oro Branches near you Account Name: WebFocus Solutions, Inc. Account No. 707-800-3149 Note: Fax a copy of the deposit slip, with your domain name and TIN#, at +63(2) 706-5805

B. Send your payment using your PAYPAL account. Recipient: paypal@webfocus.ph Note: Email the Transaction ID to billing@webfocus.ph, with your domain name and TIN#.

C. Inform us about your collection schedule and we are more than willing to pick up your payment.

Vat Computations 12% Value-added tax (VAT) Vat

2% The BIR Form 2037 is also called the Certificate of Creditable Tax Withheld At Source.http://www.lawphil.net/administ/bir/frms/cert/2307.pdf

5% 2306 -Certificate of Final Withheld At Source http://www.bir.gov.ph/images/bir_files/old_files/pdf/16512306%20Final.pdf

How to compute 12% ?

ex. 1 year Basic Package

6,500/1.12 x 0.12 = 696.43

696.43- 6,500= 5,803.58

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Total Sales (vat Inclusive) 6,500

Less Vat 12% 696.43

Total 5,803.58

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How to compute 2%

ex. 1 year Basic

6,500/1.12 x0.02 =116.1

116- 6500=6,383..91

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How to compute 5%

6,500/1.12 x 0.05= 290.18

290.18- 6500=6,209.82