BUSINESS AND TRANSFER TAXATION 5th Edition (BY: VALENCIA & ROXAS) SUGGESTED ANSWERS Chapter 8: BUSINESS TRANSACTIONS CHAPTER 8. BUSINESS AND TRANSFER TAXATION 5th Edition (BY: VALENCIA & ROXAS) SUGGESTED ANSWERS Chapter 9: BUSINESS TAXES CHAPTER 9. BUSINESS AND TRANSFER TAXATION 5th Edition (BY: VALENCIA & ROXAS) SUGGESTED ANSWERS Chapter 6: DONOR’S TAX 28 CHAPTER 6 DONOR’S.
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P3, Problem 1—15 1. Cost of sales P2, Sale of scrap materials 30, 2, Total amount subject to business tax P5, Problem 1—8 C Cancellation of indebtedness from: Gross income P10, — P6, P4, Less: False — When there is loss, business tax is paid but no income tax. Log In Sign Up. Regular income tax professional income — within P, d. Documentary stamp tax P4, x 1. The administrator of JC does not need to file and pay the Philippine estate tax because his properties are not situated in the Philippines.
Taxpayer is nonresident alien a. Remember me on this computer. False — monthly payment is both on t5h 20 of the next month. Help Center Find new research papers in: False — Donation is without consideration; hence, not onerous transfer. Capital gains tax P3, c. False — only income earned within will be taxable against resident alien snd False — should be at least P1, per year. On or before the 20 of each month BIR Form b. Dates of filing and payments: False — professional tax is collected by the local government.
BIR Form — for business tax b.
Solution manual transfer and business taxes by valencia CHAPTER 3 GROSS ESTATE – Tài liệu text
This is incorrect because the all properties of a Filipino citizen situated within and outside the Philippines are object of Philippine estate tax. Business tax professional income-within P, b.
Skip to main content. Taxpayer is a resident citizen a. BIR Form Q — for quarterly income tax return c. April 15, August 15, and November 15 for the first 3 quarters and April 15 of the following year for the annual valencia-roas return.
True Problem 1. False — Sale of family home is not subject to business tax because a family home is not business asset. False — Only sales within are subject to business tax in the Philippines. Enter the email address you signed up with and we’ll email you a reset link. False — the requirement is P, in any quarter of the preceding year. Subject to income tax: True — one for the first quarter and the other is the annual ITR.
Taxpayer is a resident alien a. False — on the 20 of the month following the taxable month. False — citizens whether resident or nonresident are subject to transfer tax within. Documentary stamp tax P3, 2. False — it is the other way around.
Solution manual transfer and business taxes by valencia CHAPTER 3 GROSS ESTATE
Click here to sign up. False — electronic filing and payment is required only to large taxpayers.
Problem 1—12 A a. Only sales within are subject to business tax. False — there is no double taxation because income tax is different from business tax.
Problem Problem Problem 1. False — business tax is another Internal Revenue Tax distinct from income tax. Alien Sales 3, 2, 3, 3, 3, Gross income, 1,, 1.
Letter B Subject to business tax is P6, Professional income within P, Less: Letter A Subject to business tax is P6,