TAXATION

Front

In general, fixed or variable allowances received by a public officer or a private entity are subject to income tax and consequently, on compensation income.

Back

Creditable Withholding Tax

Front

These are paid out of currency and are taxable to the recipient in the year they are paid: Cash Dividends, Property dividends, Liquidating dividends, Stock dividends

Back

Cash Dividends

Front

Premiums on life insurance paid by the employer are ____ to the employee

Back

Taxable Income

Front

It refers to a grant of tax immunity to persons or corporations of a particular class

Back

Tax exemption

Front

PCSO and Lotto Winnings received by NRA - NETB are subject to:

Back

25% Final Tax

Front

It includes overtime pay, commission, profit sharing, etc.

Back

Supplemental compensation

Front

Interest Income on long term bank deposits is subject to:

Back

Exemption from tax

Front

It involves a sale or exchange of property between the corporation and the shareholder

Back

Liquidating dividend

Front

Inter - corporate dividends received from a resident foreign corporation (RFC) by RFCs are subject to: Basic Tax, Final Tax, Situs of dividend, Exemption from tax

Back

Final Tax

Front

It means the excess of allowable deduction over the business gross income in a taxable year:

Back

Net Operating Loss