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Taxation gta711s - Study guides, Study notes & Summaries

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CHAPTER 1 ON NATURE OF INCOME TAXATION TAXATION GTA711S

  • CHAPTER 1 ON NATURE OF INCOME TAXATION TAXATION GTA711S

  • Other • 19 pages • 2022
  • CHAPTER 1 ON NATURE OF INCOME TAXATION TAXATION GTA711S
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INTRODUCTION TO BUSINESS TAX

  • INTRODUCTION TO BUSINESS TAX

  • Exam (elaborations) • 40 pages • 2022
  • . Business taxes are Imposed upon onerous transfers such as sale, barter, exchange or importation. 2. Under the tax code, the following are major internal revenue business taxes except: a. Value-added tax b. Percentage Tax c. Excise tax d. Income tax 3. Which is correct? a. Without the business pursued in the Philippines (except importation) by the taxpayer, value added-tax cannot be imposed. b. “In the course of trade or business” means the regular conduct or pursuit of a commerc...
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