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Questions and Answers
An RHQ is exempt from being a withholding agent of the government.
An RHQ is exempt from being a withholding agent of the government.
False (B)
The President or Vice President of a corporation is required to file an income tax return.
The President or Vice President of a corporation is required to file an income tax return.
True (A)
Foreign corporations engaged in trade or business in the Philippines are exempt from filing income tax returns.
Foreign corporations engaged in trade or business in the Philippines are exempt from filing income tax returns.
False (B)
An RHQ is only exempt from filing quarterly corporate income tax.
An RHQ is only exempt from filing quarterly corporate income tax.
The income tax return consists of a minimum of four pages in paper form or electronic form.
The income tax return consists of a minimum of four pages in paper form or electronic form.
The Treasurer or Assistant Treasurer of a corporation is not required to swear to the income tax return.
The Treasurer or Assistant Treasurer of a corporation is not required to swear to the income tax return.
EFPS stands for Electronic Filing and Payment System.
EFPS stands for Electronic Filing and Payment System.
A corporation can only file an income tax return electronically.
A corporation can only file an income tax return electronically.
An RHQ is required to file a final or adjustment return.
An RHQ is required to file a final or adjustment return.
Only the President of a corporation can file an income tax return.
Only the President of a corporation can file an income tax return.
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