Are you smarter than BIR?

Certificate of Registration shall be placed in a Clear Folder and must be presented during Tax Mapping.

• TRUE

• FALSE

All taxpayer shall register their business to Department of Trade and Industry

• TRUE

• FALSE

When shall I register my business to BIR?

• If my expected income will exceed P150,000 per year

• If my expected income will exceed P300,000 per year

• Regardless of expected income but before commencement of the Business

• If my expected income will exceed P3,000,000 per year

An employee shall not request for another Tax Identification Number (TIN) if he/she plans to put-up a business.

• TRUE

• FALSE

What is Bureau of Internal Revenue in Filipino.

• Kawanihan ng Pananalapi

• Kawanihan ng Tagasingil ng Kita

• Kawanihan ng Rentas Internas

• Kawanihan ng Buwis

Value Added Tax Rate is _ %

BIR Form 2307 is substitute to Income Tax.

• TRUE

• FALSE

Individual which taxable income ________ and below for the whole taxable year is subject to 0% income tax rate (Individual Graduated Income Tax Table)

• 300,000

• 250,000

• 200,000

• 20,833

SALE OF TEXTBOOKS ARE SUBJECT TO

• VAT-EXEMPT

• VATABLE

• ZERO-RATED

MISS MINCHIN IS A PUBLIC SCHOOL TEACHER AND OWNER OF A MILK TEA STORE. SHE SHOULD BE CONSIDERED ________

• SELF-EMPLOYED

• MIXED-INCOME EARNER

• INDUSTRIOUS

• HERO