X owns a business in Manila. BIR imposed income tax on X’s net income while the City of Manila thru Mayor Isko, imposed another tax to X since he is operating within Manila. Choose the correct answer: a. There is direct double taxation b. Direct Double taxation is allowed in the Philippines c. The taxes collected are valid d. X can refuse to pay tax to City of Manila because he already paid the necessary tax to BIR e. None of the above
X owns a business in Manila. BIR imposed income tax on X’s net income while the City of Manila thru Mayor Isko, imposed another tax to X since he is operating within Manila. Choose the correct answer: a. There is direct double taxation b. Direct Double taxation is allowed in the Philippines c. The taxes collected are valid d. X can refuse to pay tax to City of Manila because he already paid the necessary tax to BIR e. None of the above
Chapter9: Taxation Of International Transactions
Section: Chapter Questions
Problem 47P
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Question
X owns a business in Manila. BIR imposed income tax on X’s net income while the City of Manila thru Mayor Isko, imposed another tax to X since he is operating within Manila. Choose the correct answer:
a. There is direct double taxation
b. Direct Double taxation is allowed in the Philippines
c. The taxes collected are valid
d. X can refuse to pay tax to City of Manila because he already paid the necessary tax to BIR
e. None of the above
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ISBN:
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Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT