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Questions and Answers
What percentage of the gross income earned by business enterprises within the ECOZONE is paid to the National Government?
What percentage of the gross income earned by business enterprises within the ECOZONE is paid to the National Government?
- 4%
- 5%
- 2%
- 3% (correct)
Who is responsible for directly remitting two percent (2%) of the gross income earned by business enterprises to the treasurer’s office of the municipality or city where the enterprise is located?
Who is responsible for directly remitting two percent (2%) of the gross income earned by business enterprises to the treasurer’s office of the municipality or city where the enterprise is located?
- National Government
- ECOZONE Authority
- Local Government
- Business Enterprises (correct)
Which taxes are exempted for business establishments operating within the ECOZONE?
Which taxes are exempted for business establishments operating within the ECOZONE?
- Income tax
- Value-added tax
- Real property taxes
- National and local taxes (correct)
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