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Income Tax Guide for Sole Proprietors by Alexa Mae Buenafe is a document available to read on EtoBox.

1. There are different types of income for individual taxpayers including compensation, self-employment, passive, and capital gains income. 2. Individual taxpayers can choose between the graduated income tax rates or the 8% tax option for self-employment income if certain requirements are met. 3. Different BIR forms are used depending on the type of income such as Form 1701 for mixed income or Form 1701A for those opting for the 8% tax rate.

Author

Alexa Mae Buenafe

Language

EN