Seminars Schedules

Chapter III-Tax on Individuals

CHAPTER III – TAX ON INDIVIDUALS SEC. 24. Income Tax Rates. (A) Rates of Income Tax on Individual Citizen and Individual Resident Alien of the Philippines. (1) An income tax is hereby imposed: (a) On the taxable income defined in Section 31 of this Code, other than income subject to tax under Subsections (B), (C) […]

Corporate Income Taxation

Should you wish to know the answers to the following questions by yourself, you need to take a quick look at the presentation: (a.) How are corporations and ordinary partnerships taxed on their income? (b.) How do you distinguish corporate income tax from individual income tax? (c.) How are corporations classified for income tax purposes? […]

Allowable Deductions

In computing the taxable income, certain deductions are allowed by the Tax Code to be deducted from the Gross Income. This is crucial to know because once you commit a mistake in deducting one that is not allowed, then you will made to suffer the penalties of 25% surcharge, 20% interest and compromise penalties. Take […]