To compute the community tax, you will need the basic community tax that should be applied based on income. As of 2013, the minimum basic community tax is five pesos for individuals, and five hundred pesos for corporations.
The total tax is $7.00 and the total price with tax is $119.00
It depends on what percent tax you have to pay on it. For 6% tax: 79.49 For 7% tax: 80.24 For 8% tax: 80.99
The tax is $6.72
The total tax is $1.40 (the total price with tax is $21.35).
After you have completed your income tax return correctly you will know what your marginal tax rate is. The taxable amount from the 1099-R will be subject to income tax at that marginal tax rate.
Expiration of the the Community Tax Certificate is on the last day of the year.
How do you compute water consumption in the Philippines?Read more: How_do_you_compute_water_consumption_in_the_Philippines
No. Community tax certificates also serve as residence certificates and are acquired in the local government unit where a citizen lives, studies or works.
compute nased on net sales
There is no law regarding tax shields in the Philippines.
Use the formula supplied by the tax authorities in the country in which your reside.
the advantage of Tax law in the Philippines ,is that it helps too generate all the programs of the government that benefits the community too.... the Disadvantage is when the government tries to implement this taxation the income of each persons decreases including Alipe
The Reformed Value Added Tax in the Philippines is a consumption tax. The tax is paid on the purchase price. The abbreviation is RVAT.
Yes
can someone spell out what fringe benefit tax is and how an accountant of a compnay should compute the same
Philippines Value-Added Tax is a form of sales tax. It is a tax on consumption levied on the sale, barter, exchange or lease of goods or properties and services in the Philippines and on importation of goods into the Philippines. It is an indirect tax, which may be shifted or passed on to the buyer, transferee or lessee of goods, properties or services.Click on the below Related Link
common community problems