Tax Withholding and Payment
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Questions and Answers

What is the time limit for filing and paying taxes after the close of each calendar quarter?

  • Within 30 days
  • Within 15 days
  • Within 25 days (correct)
  • Within 10 days
  • Who can permit exceptions to the place of filing of estate tax returns?

  • The Secretary of Finance
  • The Authorized Agent Bank
  • The Commissioner (correct)
  • The Revenue Collection Officer
  • How should the taxes deducted and withheld by employers be held?

  • In a special fund in trust for the Government (correct)
  • In a general fund
  • In a private account
  • In a joint account with the Government
  • When should the estate tax imposed by Section 84 be paid?

    <p>At the time of filing the return</p> Signup and view all the answers

    What is the requirement for filing estate tax returns, except in certain cases?

    <p>Filing with any authorized agent bank, Revenue District Office through Revenue Collection Officer, or authorized tax software provider</p> Signup and view all the answers

    Who may require employers to pay or deposit taxes at more frequent intervals?

    <p>The Commissioner</p> Signup and view all the answers

    What is the purpose of requiring more frequent payment of taxes deducted and withheld?

    <p>To protect the interest of the Government</p> Signup and view all the answers

    Where can estate tax returns be filed electronically or manually?

    <p>With any authorized agent bank, Revenue District Office through Revenue Collection Officer, or authorized tax software provider</p> Signup and view all the answers

    Who has the authority to approve the Commissioner's requirement for more frequent payment of taxes?

    <p>The Secretary of Finance</p> Signup and view all the answers

    What is the responsibility of employers regarding taxes deducted and withheld?

    <p>To hold the funds in a special fund in trust for the Government</p> Signup and view all the answers

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