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BUSINESS TAX

This class was created by Brainscape user LAGRIMAS, AHRYZ KENNETH I.. Visit their profile to learn more about the creator.

By: LAGRIMAS, AHRYZ KENNETH I.
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Decks in this class (14)

CHAPTER 13 IDENTIFICATION & T/F
Refers to the amount derived afte...,
Is exempt from donor s tax on don...,
Is the government agency that rec...
9  cards
CHAPTER 14 IDENTIFICATION
It refers to the tax imposed on t...,
It is the basis for computing the...,
The donor s tax is classified as ...
10  cards
CHAPTER 14 T/F
Donor s tax is levied only on dir...,
The donor s tax is a tax on the p...,
The donor s tax applies whether t...
10  cards
CHAPTER 15 T/F
Donations of property not within ...,
The property donated by a filipin...,
Tax credit is allowed to nonresid...
10  cards
CHAPTER 15 IDENTIFICATION
It refers to the right of a filip...,
The maximum amount of credit that...,
This amount is deducted from the ...
10  cards
CHAPTER 16 IDENTIFICATION
A tax on consumption levied on th...,
The kind of business tax imposed ...,
A business tax imposed on the pro...
10  cards
CHAPTER 16 T/F
Business taxes are imposed only o...,
A person not engaged in business ...,
The seller is legally responsible...
10  cards
CHAPTER 17 MC AND T/F 1
Which is not a major business int...,
Who is not engaged in business 2,
Which is not an onerous transfer 3
11  cards
CHAPTER 17 T/F 2
A business with gross sales not e...,
Services rendered in the philippi...,
Vat on sales of goods is calculat...
10  cards
CHAPTER 17 T/F 3
When there is no reciprocity the ...,
The gross gift of a resident citi...,
If the donor was a non resident a...
15  cards
CHAPTER 17 IDENTIFICATION
A tax imposed on the value added ...,
The law that increased the vat th...,
The tax rate applicable to taxabl...
10  cards
CHAPTER 18-20 IDENTIFICATION 1
A person or entity engaged in the...,
A performance of an act or servic...,
A foreign individual or corporati...
10  cards
CHAPTER 18-20 IDENTIFICATION 2
An entity primarily engaged in th...,
A special court in the philippine...,
Entities engaged in transporting ...
10  cards
CHAPTER 18-20 IDENTIFICATION 3
Organizations providing prepaid h...,
The total amount received for ser...,
Income is considered earned and t...
14  cards

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BUSINESS TAX

  • Class purpose General learning

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