Which of the following cannot be deducted against gross income of non-VAT taxpayers Foreign income tax Value added tax Philippines income tax Percentage tax Which is deductible tax expense against gross income? Documentary stamp tax Donor's tax Estate tax Foreign income tax claimed as tax credit

Which of the following cannot be deducted against gross income of non-VAT taxpayers Foreign income tax Value added tax Philippines income tax Percentage tax Which is deductible tax expense against gross income? Documentary stamp tax Donor's tax Estate tax Foreign income tax claimed as tax credit

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter3: Economic Decision Makers

Section: Chapter Questions

Problem 3.11P

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Question

Which of the following cannot
be deducted against gross
income of non-VAT taxpayers
Foreign income tax
Value added tax
Philippines income tax
Percentage tax
Which is deductible tax
expense against gross income?
*
Documentary stamp tax
Donor's tax
Estate tax
Foreign income tax claimed as tax
credit

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