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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Only sales within are subject to business tax. False — the requirement is P, in any quarter of the preceding year.
Solution manual transfer and business taxes by valencia CHAPTER 3 GROSS ESTATE
Documentary stamp tax P3, 2. This is incorrect because the all properties of a Filipino citizen situated within and outside the Philippines are object of Philippine estate tax.
False — Only sales within are subject to business tax in the Philippines. Tranefer — on the 20 of the month following the taxable month. False — professional tax is collected by the local government. Alien Sales 3, 2, 3, 3, 3, Gross income, 1,, 1.
April 15, August 15, and November 15 for the first 3 quarters and April 15 of the following year for the annual tax return. Remember me on this computer. Click here to sign up. Problem 1—12 A a.
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: On or before the 20 of each month BIR Form b. False — should be at least P1, per year. Documentary stamp tax P4, x 1. Taxpayer is a resident alien a. Letter A Subject to business tax is P6, Business taxaton professional income-within P, b.
False — monthly payment is both on the 20 of ediion next month. Dates of filing and payments: Professional income within P, Less: False — electronic filing and payment is required only to large taxpayers. False — there is no double taxation because income tax is different from business tax.
Taxpayer is a resident citizen a. Problem Problem Problem 1.
The administrator of JC does not need to file and pay the Tranzfer estate tax because his properties are not situated in the Philippines. True — one for the first quarter and the other is the annual ITR. Gross income P10, — P6, P4, Less: BIR Form — for business tax b.
False — business tax is another Internal Revenue Tax distinct from income tax. False — Sale of family home is not subject to business tax because a family home is not business asset.
Regular income tax professional income — within P, d.
Solution manual transfer and business taxes by valencia CHAPTER 3 GROSS ESTATE – Tài liệu text
Capital gains tax P3, c. Help Center Find new research papers in: False — When there is loss, business tax is paid but no valsncia-roxas tax. P3, Problem 1—15 1. Letter B Subject to business tax is P6,