WITHHOLDING TAX SYSTEM

What is the validity period of the e-Certificate Authorizing Registration?

• 5 years

• 4 years

• 3 years

• 2 years

• 1 year

It refers to the excess of the cost over selling price of shares of stocks not listed in the Stock Exchange

• Capital Gain

• Net Capital Gain

• Capital Loss

• Net Capital Loss

Generally, sale of house and lot is subject to capital gains tax of 6% based on whichever is higher of gross selling price or zonal/assessed value

• True

• False

In sale of real property classified as capital asset or unlisted shares of stocks, the seller is required to report the capital gain in the Annual ITR

• True

• False

The rate of EWT for a VAT professional whose gross receipts is Php 1 Million

• 5%

• 10%

• 15%

• 2%

In donation of personal property, documentary stamp tax is to be paid also

• True

• False

All sale of shares of stocks should have to go through the BIR and obtain an e-CAR

• True

• False

All of the deadline of filing of returns and payment of taxes below are the same, EXCEPT

• CGT on sale of real property classified as capital asset

• Donor's Tax

• Estate Tax

• CGT on sale of unlisted domestic shares of stocks

Commissions received by employee from his employer are subject to:

• EWT

• Withholding tax on Compensation

• Final tax

All are quarterly filing, except:

• Withholding Tax on Compensation

• EWT

• Final Tax