Introduction To Regular Income Tax Youtube

Introduction To Regular Income Tax Youtube This lecture was made for my students in tax 1 (income taxation) and was originally uploaded as unlisted. but this could help cpa reviewees and accountancy s. Chapter 7 introduction to regular income taxthe scope of regular income taxfeatures of the regular income taxthe concept of inclusion and exclusion of gros.

Introduction To Regular Income Tax Youtube About press copyright contact us creators advertise developers terms privacy policy & safety how works test new features nfl sunday ticket press copyright. The regular income tax applies to all items of income except those that are subject to final tax, capital gains tax, and special tax regimes. net income taxation. the regular tax is an imposition on residual profits or gains after deductions for expenses and personal exemptions allowable by law. annual income tax. the regular income tax applies. This document outlines the key aspects of regular income tax in the philippines. it describes regular income tax as covering all income not subject to final tax or capital gains tax. it provides the tax formula and defines the components gross income, allowable deductions, taxable income, tax due, tax credits, and tax payable or overpayment. it also identifies the different tax return forms. The deadline of filing the corporate quarterly income tax return is the same with the deadline of the quarterly income tax return of individuals. false business expenses can be deducted against all types of gross income subject to regular tax.

Types Of Regular Income Tax Glen Ramos Youtube This document outlines the key aspects of regular income tax in the philippines. it describes regular income tax as covering all income not subject to final tax or capital gains tax. it provides the tax formula and defines the components gross income, allowable deductions, taxable income, tax due, tax credits, and tax payable or overpayment. it also identifies the different tax return forms. The deadline of filing the corporate quarterly income tax return is the same with the deadline of the quarterly income tax return of individuals. false business expenses can be deducted against all types of gross income subject to regular tax. This chapter provides an overview of regular income taxation in the philippines. it defines key concepts such as gross income, allowable deductions, personal exemptions, and taxable income. it also distinguishes between credits and final withholding taxes. the chapter outlines the tax rates and procedures for individuals, corporations, and foreign and special employees. it discusses the. Sales, net of returns, and discounts ₱ 4,000, cost of sales 1,800, dividend income, net of final tax 36, business expenses 1,600, gain on sale of old equipment 100, sale of scrap metals 200, interest income on employee advances 45, gain on sale of domestic stocks directly to a buyer 10, type regular income tax 1. individual income tax 2.