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External Briefing Quiz_09Feb22

Total questions: 10

Worksheet time: 9mins

Name
Class
Date
1.

Beginning July 1, 2020 until June 30, 2023, the tax rate imposed on the taxable income of hospitals which are nonprofit and proprietary educational institutions except those covered by Subsection D here of shall be _%?

(a)  

2.

The BIR charges fees for accepting requests for access of information?

a)

True

b)

False

3.

Results of the FOI requests may be known within 20 working days following the fate of the receipt of the request.

a)

True

b)

False

4.

______ Clarifying the Scope and Coverage of the Extension of Deadlines Granted pursuant to RR No. 1-2022

a)

Revenue Memorandum Circular No. 15-2022

b)

Revenue Memorandum Circular No. 16-2022

c)

Revenue Memorandum Circular No. 17-2022

d)

Revenue Memorandum Circular No. 18-2022

5.

Which of the following activities extends for 30 calendar days from their due dates falling due under Alert Level 3 for the mo. Of Jan 2022

a)

Submission of Inventory list

b)

Registration of Books of Accounts

c)

Filing and Payment of Registration Fee for taxable year 2022

d)

All of the above

6.

Molnupiravir 200 mg capsule under brand name Molnarz is exempt from VAT.

a)

True

b)

False

7.

Foreign retailer shall have a minimum paid-up capital of USD25M

a)

True

b)

False

8.

The following are the conditions to be met to engage or invest in the retail  trade business, except?

a)

The foreign retailer’s country of origin does not prohibit the entry of Filipino retailers

b)

In the case of foreign retailers engaged in retail trade through more than 1 physical store, the minimum investment per store must be at least Php10M

c)

Foreign retailer shall have a minimum paid-up capital of Php25M

d)

Proof of qualifications under RA No. 8762 need not to be complied with. 

9.

Transfers of shares of stocks pursuant to Deed of Donation shall be subject to DST

a)

True

b)

False

10.

The monitoring and regulation of foreign corporation retailers allowed to engage in retail trade in the Philippines shall be the responsibility of ___. 

a)

BIR

b)

DTI

c)

SEC

d)

LGU