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Individual Taxpayer Income Tax Options by Percival Celestino is a document available to read on EtoBox.

What is Individual Taxpayer Income Tax Options about?

The document discusses the income tax treatment for individuals deriving income from business or the practice of a profession in the Philippines. It provides two options for taxpayers with gross receipts not exceeding PHP 3 million: (1) pay an 8% flat tax on income plus 1% business tax, or (2) pay income tax using graduated tax rates plus 1% business tax. For receipts exceeding PHP 3 million, only the graduated tax rates apply. It also provides an example calculation for both options.

Author

Percival Celestino

Language

EN