TEST YOUR TAX KNOWLEDGE

It is the tax withheld from income payments to individuals arising from an employer-employee relationship.

Deadline of filing and payment of BIR Form No. 1601-C of taxpayers using manual and eBIRForms.

It is any person or entity who is in control of the payment subject to withholding tax and therefor is required to deduct and remit taxes withheld to the government.

It is a business tax imposed on persons, entities, or transactions specified under Sections 116 to 127 of the National Internal Revenue Code of 1997 (also known as Tax Code) as amended, and as required under special laws.

When to file and pay Quarterly Percentage Tax

A Certificate to be accomplished and issued to recipients of income subject to expanded withholding tax paid by a Payor/Withholding Agent including government money payments made by a government office showing therein the monthly breakdown of the total income payments made and the total taxes withheld and remitted during the quarter/period.

This form is to be accomplished every time a taxpayer pays taxes and fees which do not require the use of a tax return such as second installment payment for income tax, deficiency tax, delinquency tax, registration fees, penalties, advance payments, deposits, installment payments, etc.

Deadline of filing and payment of Annual Registration Fee

It is a tax imposed on the gains presumed to have been realized by the seller from the sale, exchange, or other disposition of capital assets located in the Philippines, including pacto de retro sales and other forms of conditional sale.

Deadline of filing and payment of Capital Gains Tax