Quiz sobre Regímenes Fiscales

What is a tax regime?

• Set of legal provisions that determine and regulate the tax situation of individuals and corporations

• A specific tax that companies must pay

• A tax benefit for large corporations

• A type of penalty for tax evasion

Who can choose the Simplified Tax Regime?

• People who work only as employees

• People who do not have any economic activity

• Large profit-making companies

• People who carry out business activities with income below 2 million pesos

What is the most common tax regime?

• The Incorporation Tax Regime

• The Business Activities Regime

• The Real Estate Leasing Regime

• The Salaried Regime

What type of people are subject to the General Regime?

• Commercial companies for profit

• Non-profit associations

• Self-employed individuals

• People engaged in artistic activities

A blind deduction is to deduct 35% of the income obtained from the lease, instead of making all the deductions that are allow, one by one.

• True

• False

The persons under the tax incorporation regime can to take advantage of all the tax benefits for 8 years and at the end Hacienda will transfer it to the business activities regime.

• True

• False

What type of entities are subject to the Non-Profit Regime?

• Schools, foundations, assistance houses, cultural associations

• Banks, insurance companies, production cooperatives

• Grocery stores, beauty salons, butcher shops

• Transport companies, farmers, fishermen

The professional service provider is allow to have benefits such as:

Gender seniority

• Vacations

• Christmas bonus

• Social security

• Severance pay in case of unfair dismissal

• True

• False

What does the tax code or tax regimen you choose depend on?

• • The activity carried out

• • The income received.

• All of the above

What types of entities can be registered in the General Regime?

• Schools and foundations

• Non-profit associations

• Self-employed individuals

• Commercial enterprises for profit