Tax Essays

Taxation in the Philippines is controlled by the Bureau of Internal Revenue (Philippines). Taxes in the Philippines range from 5% to 35%[1] Exceptions 25,000 Pesos for individuals[1] 30,000 Pesos for married couples[1] Exceptions for Small and Medium Enterprises with income of less than 100,000 Pesos Cedula Cedula is a community …

The topic of the report is an exploration of a career option and a Tax Auditor at Canada Revenue Agency. The purposes of this report are to not only prepare myself for the position by examining and learning but also introduce a different field of work to colleagues All residents …

Don’t expect sharp drop in smoking with new sin tax bill — economist SIEGFRID O. ALEGADO, GMA NewsDecember 12, 2012 7:52pm The sin tax reform measure will definitely raise the prices of cigarettes and alcoholic beverages, but there won’t be an immediate and marked decrease in the number of smokers …

FACTS: Peaceful, an accrual basis taxpayer, provides a full line of funeral services and sells goods related to those services. Peaceful has attempted to design an approach that allows customers to prepay for their funeral goods and services. ISSUE: The amount prepaid under Peaceful’s program constitutes prepaid income that must …

10 different species of crabs were collected around the beaches of Davao Region. Some species were similar to the others, some have the same habitat and some have characteristics unique only to them. All these species belong to the Order Malacostraca, Infraorder Brachyura which means true crabs. The specimens collected …

As a student of commerce, we are supposed to know that what are the various methods through which we can plan our tax liability as an individual, firm or company. This assignment gives the overview of different ways of tax planning according to the circumstances prevailing at that context. FINDING …

The Income Tax Act was passed in 1961 and has been amended every year through the Finance Acts. A lot of things have changed since then. No doubt, many things have been implemented by modifying the IT Act from time to time. Thus, the IT Act today is very difficult …

1a). How is the $300,000 treated for purposes of federal income tax? The $300,000 that John Smith received would be treated as income. According to the IRS, income is classified as “earned income includes all the taxable income and wages you get from working,” such as: •wages, salaries, tips, and …

A person by whom any tax or any other sum of money (including interest and penalty) is payable under the Act • every person in respect of whom any proceeding under this Act has been taken either for the assessment of the amount of his income or of the income …

The majority of dollars collected by the U.S. government come by way of corporate taxation. Prior to the Sixteenth Amendment direct taxes were illegal. All U.S. taxes are based on an individual’s income. Customs taxes are imposed on exports to protect our natural resources from leaving the country. Also, some …