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MoveItCo, a VAT-registered logistics company, enters into a barter with Woodcraft, a VAT-registered furniture maker: MoveItCo transfers 40 used intermodal cargo containers with a Fair Market Value (FMV) of PHP 2,400,000 to Woodcraft, in exchange for 40 new office desks with an FMV of PHP 2,400,000. No cash changes hands. (a) Identify the doctrine governing barters or exchanges between VAT-registered persons that makes the exchange a taxable sale (transactions deemed sale subject to VAT). (b) Compute the VAT due by each party on this barter, stating the tax base and rate used, and showing the arithmetic for the FMV values of PHP 2,400,000 for each side.