Quiz on Onett & Withholding Tax

For Capital Gains Tax, the return must be filed within ______days after each sale or disposition of real property.

•    30 days

•   5 days

•    180 days

•     10 days

The BIR Form to be used in filing and payment of Capital Gains Tax is?

• 1606

• 1706

• 1800

• 1801

The following are mandatory requirements in filing Capital Gains Tax, except:

•    TIN of seller/s and buyer/s

• Notarized Deed of Sale

• Certified true of tax declaration

• Certified true copy of death certificate

The tax rate for capital gains tax is?

• 1%

• 3%

• 5%

• 6%

Donor’s Tax is a tax on a _________ or gift, and is imposed on the gratuitous transfer of property between two or more persons who are living at the time of the transfer.

• Sale

• Donation

• Estate

•       None of the above

  The following are mandatory requirements in filing Donor’s Tax, except:

• TIN of seller/s and buyer/s

• Notarized Deed of Donation

• Certified true copy of tax declaration

•    Certificate of No improvements

When is the deadline of filing estate tax for a decedent died on December 31, 2018?

• Within one (1) year from the decedent’s death

•   Within 180 days from the decedent’s death

• Within 90 days from the decedent’s death

• None of the above

  The extended deadline on availment of estate tax amnesty is on______?

• June 30, 2023

• June 14, 2023

•   December 14, 2023

•    December 31, 2023

Where to file and pay donor’s tax?

• Domicile of the donor at the time of transfer

• Location of the property

• Domicile of the donee

• None of the above

   

The official website of Bureau of Internal Revenue is?

•     www.bir.gov.ph

•    www.bir.com.ph

•     [e-mail]

•   [e-mail]