WorksheetsOnline Tax Quiz_Jan. 31, 2023
Total questions: 10
Worksheet time: 5mins
Pursuant to RR 1-2023, solo parents that meet all of the following conditions shall qualify for the 10% discount and VAT exemption, except for:
solo parents has a child with the age of 6 years or under
solo parent is earning less than P250,000 annually
solo parent is earning more than P250,000 annually
The 10% discount and VAT exemption shall apply to a qualified Solo Parent's purchase of the following goods, except for:
baby's milk
medicines
sanitary diapers
sanitary napkin
Beginning January 1, 2023, the filing and payment of VAT shall be:
within 25 days following the close of each taxable quarter
within 20 days following the close of each taxable quarter
within 30 days following the close of each taxable quarter
within 60 days following the close of each taxable quarter
VAT-registered taxpayers are no longer required to file the Monthly VAT Declaration for transactions starting January 1, 2023 instead file the corresponding Quarterly VAT.
True
False
Pursuant to RMC No. 8-2023, the Inventory List shall be submitted to the BIR in....
hard copies
soft copies
What is the prescribed format of Inventory List for real estate companies?
Annex "A"
Annex "B" and "B1"
Annex "C"
"RPS Assessment" are tax assessments arising from the conduct of audit/investigation of taxpayer's books of accounts and other relevant records.
True
False
What revenue issuance circularizes the availability of revised BIR Form 1606 and 1706 version January 2018?
RMC 6-2023
RMC 7-2023
RMC 8-2023
RMC 9-2023
It is a web based system wherein the taxpayers will be able to transact their ONETT online anytime and anywhere, provided there is an internet connection.
eONETT
OTS
ORUS
eFPS
What revenue issuance announces the availability of online application for registration information updates and other online facilities for registration-related transactions through Online Registration and Update System (ORUS)?
RMC 9-2023
RMC 10-2023
RMC 11-2023
RMC 12-2023
