6 Questions
What is the tax rate for interest income from local banks?
20%
Which type of business entity is exempted from income taxation?
General Professional Partnership
Which tax is imposed on the right to make gratuitous transfer of one's property to other person?
Transfer Tax
What is the tax rate for the sale of real properties under CGT?
6%
Which type of income is exempted from income taxation?
General professional partnership income
What is the difference between Estate Tax and Donor's Tax?
Estate tax applies to mortis-causa donations while Donor's tax applies to inter-vivos donations
Test your knowledge of sources of revenue for national internal revenue taxes with this quiz on RA 8424. Learn about income tax, business net income, passive income, and more. This quiz includes specific examples and exemptions for different types of income. Challenge yourself to see how well you understand the tax system in your country.
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