How to Compute Annual Income Tax for Pure Business Income Earners (TRAIN Law)

Описание: This video explains the annual income tax computation for a pure business income earner. It highlights the options available for the taxpayer. Take note also the compliances for business taxes in relation to income tax.

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Related Videos:
Annual Income Tax for Individuals:    • How to Compute Individual Income Tax (TRAI...  
Annual Tax of Employees:    • How to Compute Annual Income Tax of Employ...  
Percentage Tax Explained:    • Percentage Tax in the Philippines Explained  

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Video Reference:
Revenue Regulations 8-2018: https://tinyurl.com/y7rcu2xz

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Time Stamps!
00:00 Intro
00:31 Key Terms
01:22 Tax Rate Options
01:59 How to Avail Options
02:24 Did Not Signify Intent
02:49 Exceeded VAT Threshold
03:38 Illustrative Problem 1
04:35 Illustrative Problem 2
04:57 Illustrative Problem 3
06:22 Illustrative Problem 2

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Hashtags
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Disclaimer:
This video is mainly for academic purposes and is not a substitute in doing your due diligence. For highly technical tax issues, you are advised to contact the officer of the day of the BIR office for better tax compliance.