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Tax Implications on Gross Philippine Billings by Jeda Uson is a document available to read on EtoBox.
What is Tax Implications on Gross Philippine Billings about?
An international air carrier doing business in the Philippines is subject to both a 3% tax on gross receipts from cargo originating in the Philippines and a 2.5% income tax on gross Philippine billings. The subsequent distribution of earnings previously subject to an improperly accumulated earnings tax will not be subject to any additional tax.
- Author
- Jeda Uson
- Language
- EN