Question: Which of the following statements is correct?

Only VAT-registered taxpayers are required to pay the value-added tax.

A non-resident service provider who is not VAT-registered is subject to the Philippine value-added
tax on services performed in the Philippines.
A lease of property in the course of trade or business is always subject to value-added tax.
In the case of goods imported into the Philippines by VAT-exempt person which are subsequently sold to a
non-exempt person is not subject to value-added tax on importation.