About this document
Clarification on Improperly Accumulated Earnings Tax by Alyssa Nuqui is a document available to read on EtoBox.
This document from the Philippines Department of Finance and Bureau of Internal Revenue clarifies policies around the Improperly Accumulated Earnings Tax (IAET) imposed on domestic corporations. It defines improperly accumulated taxable income as taxable income adjusted for certain items, and reduced by dividends paid and income tax paid for the year. It provides an example calculation of improperly accumulated taxable income. The resulting amount is multiplied by 10% to determine the IAET. It also clarifie
- Author
- Alyssa Nuqui
- Language
- EN