BIR RDO 27 TAMP Webinar Tax Quiz

What is the rate to be used when the gross income of a professional did not exceed P 3 million for the current year?

• A. 5%

• B. 10%

• C. 15%

• D. 20%

When the seller/transferor is registered in this organization, the seller/transferor is considered as habitually engaged in the real estate business. What is the organization?

• A. Pag-ibig

• B. PRC

• C. HLURB

• D. REB

What do you call the document to be submitted along with the returns when you file and pay the withholding taxes?

• A. Quarterly Alphalist of Payor (QAP)

• B. Quarterly Alphalist of Payee (QAP)

• C. Quarterly Alphabetical List of Payors (QAP)

• D. Quarterly Alphabetical List of Payees (QAP)

True or False: Withholding agents with zero remittance are still required to use and file the same form.

• True

• False

Withholding tax system is an effective tool in the collection of taxes for the following reasons, except:

• A. It encourages voluntary compliance

• B. It increases cost of collection effort

• C. It prevents delinquencies and revenue losses

• D. It prevents dry spells in the fiscal condition of the government by providing revenues throughout the taxable year

Under RR 11-2018, top withholding agents (TWAs) are the following, except:

• A. A large taxpayer under RR 1-98

• B. A taxpayer identified and included as Medium taxpayers, and those under the Taxpayer Account Management Program (TAMP)

• C. Refers to those taxpayers whose gross sales/receipts or gross purchases or claimed deductible itemized expenses amounted to P12,000,000 during the preceding year.

• D. Top 20,000 private corporation or Top 5,000 individuals under RR 6-2009

Under RR 11-2018, what is a supplier to whom the taxpayer has transacted at least six times, regardless of the amount per transaction, either in the previous year or current year?

• A. Regular Supplier

• B. Casual Supplier

• C. Fly-By-Night Supplier

• D. Importers

Fah Ma Lee Corp. is a manufacturing company engaged in production of packaging materials made of plastic. On July 16 2021, Fah Ma Lee Corp was listed as a Top Withholding Agent of RDO 27 Caloocan which was published in Malaya Business Insight and in the website of the BIR. On August 6, 2021, the company purchased raw materials to Mei Kei Yang Corp. amounting to P873,600 (VAT inclusive). How much is the withholding tax payable of Fah Ma Lee Corp for the abovementioned transaction?

• A. P 8,736

• B. P 7,800

• C. P 17,472

• D. P 0

What is TAMP?

• A. Tax Account Management Program

• B. Taxpayer Account Management Program

• C. Taxpayer Accounting Management Program

• D. None of the above

What are the roles of the RO in the TAMP?

• A. Validation of registration data of his/her concerned account

• B. Update on relevant new issuances

• C. Reminding about various tax deadlines

• D. Proper filing of tax forms

• E. All of the above