10 Questions
What is the time limit for filing and paying taxes after the close of each calendar quarter?
Within 25 days
Who can permit exceptions to the place of filing of estate tax returns?
The Commissioner
How should the taxes deducted and withheld by employers be held?
In a special fund in trust for the Government
When should the estate tax imposed by Section 84 be paid?
At the time of filing the return
What is the requirement for filing estate tax returns, except in certain cases?
Filing with any authorized agent bank, Revenue District Office through Revenue Collection Officer, or authorized tax software provider
Who may require employers to pay or deposit taxes at more frequent intervals?
The Commissioner
What is the purpose of requiring more frequent payment of taxes deducted and withheld?
To protect the interest of the Government
Where can estate tax returns be filed electronically or manually?
With any authorized agent bank, Revenue District Office through Revenue Collection Officer, or authorized tax software provider
Who has the authority to approve the Commissioner's requirement for more frequent payment of taxes?
The Secretary of Finance
What is the responsibility of employers regarding taxes deducted and withheld?
To hold the funds in a special fund in trust for the Government
Test your knowledge on tax withholding and payment procedures under Section 67, including payment methods and authorized agents. Learn about the rules and regulations governing tax deductions and withholding. Understand the role of withholding agents and authorized tax software providers.
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