S1 - Individual taxpayers can be entitled to 1% (old rate 3%) percentage tax if their registration is non-VAT and their gross sales or receipts do not exceed the VAT threshold and their transactions are not exempted from business tax. S2 - Non-individual taxpayers can be entitled to 1% (old rate 3%) percentage tax if their registration is non-VAT and their gross sales or receipts do not exceed the VAT threshold and their transactions are not exempted from business tax.
S1 - Individual taxpayers can be entitled to 1% (old rate 3%) percentage tax if their registration is non-VAT and their gross sales or receipts do not exceed the VAT threshold and their transactions are not exempted from business tax. S2 - Non-individual taxpayers can be entitled to 1% (old rate 3%) percentage tax if their registration is non-VAT and their gross sales or receipts do not exceed the VAT threshold and their transactions are not exempted from business tax.
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter16: Multijurisdictional Taxation
Section: Chapter Questions
Problem 32P
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Transcribed Image Text:S1- Individual taxpayers can be entitled to 1% (old rate 3%) percentage tax if their
registration is non-VAT and their gross sales or receipts do not exceed the VAT
threshold and their transactions are not exempted from business tax.
S2-Non-individual taxpayers can be entitled to 1% (old rate 3%) percentage tax if
their registration is non-VAT and their gross sales or receipts do not exceed the VAT
threshold and their transactions are not exempted from business tax.
O $1 is true
O Both arce true
O Both are false
52 is true
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