10 Questions
An RHQ is exempt from being a withholding agent of the government.
False
The President or Vice President of a corporation is required to file an income tax return.
True
Foreign corporations engaged in trade or business in the Philippines are exempt from filing income tax returns.
False
An RHQ is only exempt from filing quarterly corporate income tax.
False
The income tax return consists of a minimum of four pages in paper form or electronic form.
False
The Treasurer or Assistant Treasurer of a corporation is not required to swear to the income tax return.
False
EFPS stands for Electronic Filing and Payment System.
True
A corporation can only file an income tax return electronically.
False
An RHQ is required to file a final or adjustment return.
True
Only the President of a corporation can file an income tax return.
False
Learn about the changes in taxation rules for Regional Operating Headquarters in the Philippines, including the CREATE Act and its impact on corporate income tax. Understand how ROHQs will be affected from 2022 onwards. Test your knowledge with this quiz!
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