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WHT #n gr#ss r#m#tt#nc#

Authored by CS Xendit

Professional Development

1st Grade

Used 1+ times

WHT #n gr#ss r#m#tt#nc#
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Emma Sleep SG sells mattresses in PH online. Xendit helps collect the payments from buyers in PH and remits the collections to Emma Sleep SG. As a foreign merchant, the gross remittances to them is subject to withholding tax.

True
False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For withholding tax on gross remittance, the person responsible for issuing the tax certificate (BIR 2307) is the merchant.

True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If merchant is registered with other e-marketplace platforms or DFSPs aside from Xendit PH, only the gross remittance from Xendit PH is considered in determining the PhP500,000 threshold.

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the gross remittances of merchants have exceeded the PhP500,000 threshold, Xendit PH will start withholding tax on the excess from the P500,000.

True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If merchant is only registered with Xendit PH and the gross remittances from last year has exceeded the P500,000 threshold, merchant is no longer required to submit the Sworn Declaration.

True
False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the merchant has exceeded the gross remittances of P500,000 but has a Certificate of Tax Exemption/Entitlement, the gross remittance to the merchant is not subject to withholding tax.

True
False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Master Merchant is using Xenplatfrom for his sub-merchants. Consequently, under the SA, all collections made by Xendit on behalf of the sub-merchants of the Master Merchants will be remitted to the Master Merchant. The Master Merchant will subsequently disburse the collections to its sub-merchants. In this scenario, the one responsible for withholding tax on the gross remittance is Xendit.

True
False

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