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MCIT and CWT Regulations Overview by Olan Dave Lachica is a document available to read on EtoBox.

What is MCIT and CWT Regulations Overview about?

The document outlines provisions related to minimum corporate income tax (MCIT) and capital gains tax (CGT) on the sale of real property by corporations and individuals engaged in real estate business in the Philippines. Specifically, it discusses: 1) The MCIT of 2% of gross income imposed on corporations beginning in their 4th year of operation if it is greater than the normal corporate income tax. Any excess can be carried forward for 3 years. 2) Income from the sale of real property classified as an o

Author

Olan Dave Lachica

Language

EN