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Questions and Answers
What is the tax rate for interest income from local banks?
What is the tax rate for interest income from local banks?
- 25%
- 15%
- 30%
- 20% (correct)
Which type of business entity is exempted from income taxation?
Which type of business entity is exempted from income taxation?
- Single proprietorship
- General Professional Partnership (correct)
- Corporation
- Partnership
Which tax is imposed on the right to make gratuitous transfer of one's property to other person?
Which tax is imposed on the right to make gratuitous transfer of one's property to other person?
- Documentary Tax
- Transfer Tax (correct)
- Donor's Tax
- Estate Tax
What is the tax rate for the sale of real properties under CGT?
What is the tax rate for the sale of real properties under CGT?
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Which type of income is exempted from income taxation?
Which type of income is exempted from income taxation?
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What is the difference between Estate Tax and Donor's Tax?
What is the difference between Estate Tax and Donor's Tax?
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