Taxation

It refers to all earnings derived from service rendered from capital (bus. or investment), or both including gain derived from sale or exchange or personal or real property classified as either ordinary or capital asset?

It means the pertinent items of gross income specified in the Tax Code less the deductions if any and or personal and additional exemptions authorized by such types of income by the tax code.

It refers to payments given in recognition for services performed for which established practice discourages charging a fixed fee?

It is usually a percentage of total sales or on certain quota of sales volume attained as part of incentive?

It is an additional payment received due to worker's exposure to danger or harm while working.

It refers to the gov’t agency primarily in charge to assess and collect all taxes and charges imposed by the NIRC, other tax laws and regulations?

It refers to procedures or actions available both to the government to collect taxes and to the taxpayer to avoid abusers in the payment of taxes.

It refers to the span of time allowed by law to the

BIR to investigate a taxpayer’s tax discrepancy to enforce collection of taxes.

It refers to a legal claim granted to the government to secure the proper payment of the tax, surcharges, interest and costs on all property subject to levy or distraint.

It refers to a contract whereby the parties by reciprocal concessions avoid litigation or put an end to one already commenced?