Nicanor is a resident of Gapan City. He rents an apartment in Mandaluyong City. He previously work in Makati City where he initially registered. He transferred employment in Taguig City. Which RDO is he required to register?

Nicanor is a resident of Gapan City. He rents an apartment in Mandaluyong City. While working in Makati City. He opened a business in Quezon City. Which RDO is he required to register?

Nicanor is employed in Makati City. His employer should apply his TIN within ____?

Nicanor's source of income is from vlogging. He is required to register at which RDO?

Nicanor is opening a bank account at ABC Bank. Which RDO is he required to get his TIN?

Nicanor is a resident of Quezon City. He opened a motor shop in Gapan City. He is opening a branch in Cabanatuan City. Which is TRUE?

Deadline of payment of 13th month pay

All taxpayers engaged in business or in the practice of profession are required to register their business with the BIR

Rate of Solo Parents Discount

Minimum penalty for issuance of fake receipts upon conviction

The books of accounts of all taxpayers engaged in trade or business is required to be audited by an Independent CPA

Retention period of books of accounts under EOPT

Facilities or privileges furnished or offered by an employer to his employees that are of relatively small value and are offered or furnished by the employer merely as a means of promoting the health, goodwill, contentment, or efficiency of his employees.

Cost of loose documentary stamp tax

This person is famously known for stating that "Power to tax does not includes the power to destroy while this court sits"

Minimum purchase requirement of Top Withholding Agents with a supplier to be classified as a regular supplier in current or previous year

Electronic document issued by BIR as proof tax appropriate taxes on one-time transactions were paid

The following tax returns have the same deadline except

Bureau of Local Government Finance is under the supervision of

Maximum Personal Equity Retirement Account (PERA) annual contribution of a single resident citizen that is exempt from taxation

EOPT imposed lower penalties for micro and small taxpayers. This is in consonance with:

The maximum salary per day of an employee (not MWE) that is exempt from withholding tax on compensation

A VAT-registered taxpayer is required to issue Invoice on sale of goods or services

Venue of Filing of Tax Treaty Relief Applications

If ABC Corp., a domestic corporation, registered in 2018 and started operations in 2019, the MCIT shall apply in:

Interest income of Nicanor from peso bank deposit in ABC Bank – Php 10,000. How much is the tax required to be withheld?

Deadline of Estate Tax Amnesty

Nicanor (RC) is a shareholder of ABC Corp (DC). ABC Corp. declared Php 10,000 dividends to all stockholders. Which is TRUE?

A Top Withholding Agent is required to withhold 1% / 2% on all its purchase of goods and services

Ordinary assets (not owned by realtors/developers/lessors) can be converted to capital assets after ______ years from non-use

If income earner reported the income, the withholding agent is exonerated from his withholding tax obligation.

The Commissioner of Internal Revenue (CIR) can close the business without due process provided that there is sufficient proof that taxpayer evaded payment of tax.

In ordinary partnership, distribution of income to partners are:

Grossed-up monetary value of fringe benefits less of monetary value of fringe benefits is

The BIR received a confidential information that ABC Corp. was evading taxes. A notice of audit was served to the Company. The Company refused to provide the necessary documents in relation to the audit. To compel the taxpayer to produce the documents, the Commissioner or his authorized representative may use his:

Nicanor bought preferred shares at par value from ABC Corp. If he will sell the preferred shares, the fair market value shall be computed using:

ABC Corp. employing fiscal year ending June 30, the deadline is:

The excise tax rate on perfumes and toilet waters

Deadline of Estate Tax Return if decedent died in 2022

RATE is

A decedent died owning a real property valued at P50,000. Which is TRUE?

Nicanor, resident of Quezon City, donated a property located in Makati City to his girlfriend Inday, resident of Caloocan. The deed of donation is notarized in Pasig City. The RDO venue of the processing of the tax clearance is?

Nicanor is married to Inday. Upon death, the family home is valued at Php 12M (land - exclusive property is P5M while the conjugal house is at P7M). How much is the deductible family home for estate tax purposes?

Document issued by the BIR to authorize examination of books of accounts

The new threshold on special discounts to senior citizens and PWDs on purchase of basic necessities and prime commodities

The asset threshold for BMBE registration

Erroneous payment of tax is required to be refunded by the BIR within ____ days upon submission of complete documents

Which of the following is a de minimis benefit? Assume amount is Php 5,000

Threshold amount for VAT exemption on sale of house and lot beginning 2024