100% de satisfacción garantizada Inmediatamente disponible después del pago Tanto en línea como en PDF No estas atado a nada
logo-home
Buscado previamente por ti
Buscado previamente por ti
logo
CHAPTER 15-A REGULAR INCOME TAXATION Special Corporations Questions &Exam (elaborations) answers 100% satisfaction guarantee $11.49   Añadir al carrito
Navegar rápidamente a
Vista previa
  2.  
  3. Chapter
  4.  
  5. Chapter

Examen

CHAPTER 15-A REGULAR INCOME TAXATION Special Corporations Questions &Exam (elaborations) answers 100% satisfaction guarantee
 6 vistas  0 veces vendidas
  • Grado
  • Chapter
  • Institución
  • Chapter

CHAPTER 15-A REGULAR INCOME TAXATION Special Corporations Questions &Exam (elaborations) answers 100% satisfaction guarantee

Vista previa 2 fuera de 13  páginas

Información del documento

  • 11 de agosto de 2024
  • 13
  • 2024/2025
  • Examen
  • Preguntas y respuestas

Temas

  • chapter 15 a regular income taxation special corp

Escuela, estudio y materia

  • Chapter
  • Chapter

Vendedor

avatar-seller
EXAMQA

Comentarios recibidos

Vista previa del contenido

CHAPTER 15-A
- ✔✔Domestic Corporation
Regular domestic corporations

- ✔✔Resident Foreign Corporations
Regular Resident Foreign Corporations

- 25% final tax on their gross income from all sources (any taxable income, passive or
active) within the Philippines other than rentals of cinematographic films -
✔✔Non-resident Cinematographic Film Owner, Lessor or Distributor

- 4 ½% final tax on gross rentals, lease or charter fees from leases or charters to
Filipino residents or corporations - ✔✔Non-resident lessor of vessels chartered by
Philippine Nationals

- 7 ½% final tax on rentals, charters, and other fees
%

Note: Non-resident foreign corporations, special or resident, do not file income tax
returns. Philippine Resident foreign corporations, special or resident, do not file income
tax returns. Philippine residents who make income payments to them must withhold the
final tax and remit the same to the government through BIR Form 1601-F. -
✔✔Non-resident owner or lessor of aircraft, machineries and other equipment

- Flight or voyages of passengers, mails, or excess baggage commencing from foreign
countries which will be interconnected in the Philippines for continuance of the flight or
voyage to a foreign destination by the same international carriers shall not be
considered originating from the Philippines if the actual departure is made within 48
hours from embarkation in the country, except only when delayed by force majeure. -
✔✔The "48-hour" rule on transient passengers

- Form part of the Gross Philippine Billings of the carrying airline if the passenger
boards a plane or a port or point in the Philippines. - ✔✔Rules on re-validated,
exchanged, or endorsed tickets

, - It is subject to final tax, capital gains tax, and the regular income tax.

Include:
•partnerships, no matter how created or organized
•joint-stock companies
•joint accounts
•associations
•insurance companies.

Excludes:
•general professional partnerships
•joint ventures or consortium formed for the purpose of undertaking construction
projects or engaging in petroleum, coal, geothermal, and other energy operations
pursuant to an operating consortium agreement under a service contract with the
Government. - ✔✔What are corporations?

- OBU or FCDU of a resident foreign bank is subject to the same tax rules applicable to
FCDUs/EFCDUs of domestic banks except for their offshore income which is exempt
%

from income - ✔✔SPECIAL RESIDENT FOREIGN CORPORATIONS: OBUs and
EFCDUs

- Other income of international carriers other than from international transport is subject
to the appropriate type of income tax - ✔✔Treatment of income other than income
from international transport

- Preferential rate or exemption from income tax on the basis of applicable tax treaty or
international agreement to which the Philippines is a signatory or on the basis of
reciprocity such that an international carrier whose home country exempts Philippine
carriers shall likewise be exempt from income tax in the Philippines - ✔✔Treaty or
reciprocity consideration

- Preferential tax rate of 5% on gross income (3% to the national government and 2%
to the city or municipality where the establishment is located) earned in lieu of all local
and national taxes except for the real property tax on land of developers.

Los beneficios de comprar resúmenes en Stuvia estan en línea:

Garantiza la calidad de los comentarios

Garantiza la calidad de los comentarios

Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!

Compra fácil y rápido

Compra fácil y rápido

Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.

Enfócate en lo más importante

Enfócate en lo más importante

Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!

Preguntas frecuentes

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

100% de satisfacción garantizada: ¿Cómo funciona?

Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller EXAMQA. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for $11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

45,681 summaries were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Empieza a vender
$11.49
  • (0)
  Añadir