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TAXATION -TRAIN Law - Gross Income - Dean Joe-Santos Balagtas Bisquera - UM BAR Review. скачать в хорошем качестве

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TAXATION -TRAIN Law - Gross Income - Dean Joe-Santos Balagtas Bisquera - UM BAR Review.

TAXATION - INCOME TAXATION – TRAIN Law [1 January 2018] GROSS INCOME The “Audio” of the earlier Youtube Upload is weak so this later Upload increased the microphone Input Sound. A thorough review of the TRAIN LAW was made to ensure that ALL the Updated Amendments are in this Upload, notably an Oversight that there is No Longer any Personal and Additional Exemptions available for the Taxpayer, the maximum allowable limits of individual De Minimus Benefits were rechecked, the Allowable 13th Month and Other Benefits was updated per TRAIN to P 90,000.00 per Year, the 35% Grossing-Up Factor for the Fringe Benefits Tax was updated and other needed “fine-point” changes. The CONTENTS include Income Tax Scenario - Deductions - Exemptions - Income Concept INCLUSIONS - EXCLUSIONS -Montevideo Doctrine - People - Territory - Government - Sovereignty - STATE - Money - Wealth - Police Power - Eminent Domain Taxation - Tax on Privileges to "Buy" - Value Added Taxation - "Use" - Real Property Tax - "Earn" - Income Taxation - "Give" - Donor's Taxation and Estate Taxation - ACTIVE Income vs PASSIVE Income - actual, direct personal effort - Taxpayer's Cash, Properties and other financially valuable resources - Incomes from Employer-Employee Relations, Profession or Trade, in Business - Salaries, Wages, Fringe Benefits - De Minimum Benefits - "Employer Convenience" Rule - Fringe Benefit Tax - Leaves with Pay, Vacation Leave, Sick Leave, Emergency Leave, Maternity & Paternity Leave - Medical Benefits, Medical & Physical Examination, Medical Insurance, Free Medicines & Hospitalization and Philhealth Benefits - Additional Financial Compensation & Assistance, Subsistence Allowance, Free Meals & Snack, Rice Subsidy, Overtime Pay with Premium, Night Differential Pay, Hazard Pay -Accommodations & Convenience , Housing and Free Board & Lodging, Company Car Plan & Free Transportation, Travel, Representation & Entertainment, Life Insurance, Household Personnel - maids, cooks, driver, gardeners - Membership Dues, Associations - Other Financial Benefits, Company Loans and Cash Advances, Interest Expense Subsidies, Fringe Benefits Tax - Other Benefits, Free Uniform and Laundry, Employee Achievement Awards, Gifts on Christmas and major Anniversary Celebrations - Financial Bonus, 13th & 14th Month Pays - Stay-In Driver, Obstetrician & Gynecologist, Living Quarters and Meals - Armed Forces of the Philippines and Philippine National Police, barracks, Subsistence Allowance, - Fishpond Caretaker, Fishpond Owner/Operator - Profession, Lawyer, Medical Doctor, CPA, Engineer, Architect, Consultant, Agent - Trade, Singer, Musician, Actors and Actresses, Electrician, Welder, Masseur, Final Withholding Tax at Source - CASH INVESTMENTs, Bank Deposits, Mutuum, Loans & Bonds, Shares of Stocks, Gambling Bets - Interest Income, Dividends Income, Winnings & Prizes - Real and Personal Properties, Land, Buildings, Equipment, Vehicles - Rent Income, Capital Gains and Losses - Intellectual Properties, Invention, Royalties - Ordinary Asset, for Sales, Stocks in Trade or Inventories, Real (Immovable) Properties for Sale in Business, for USE, depreciable property real properties in business - Capital Assets, Investment in Shares of Stocks & Bonds, Residential or IDLE Lands, Capital Gains, Stocks not traded in the Stock Market, EXCLUSIONS from GROSS INCOME - related or incident to Sovereignty - International Relations - Income from Investment by Foreign Governments - Income Exempt under Treaty, Internal Sovereignty - Income by the Government or its Political Subdivisions - Income from Essential Government Function - Income from Public Utilities, Government Fiscal Incentives - Prizes and Awards in Sports Competition - Prizes and Award for Achievement in Relitious, Chariable, Scientific, Educational, Artistic, Literary, Civic Activities - Gain from Sale of Bonds, Debentures or Certificates of Indebtedness maturing in more than five (5) years - Gains from Redemption of Investment in Stock or Mutual Funds, Compensatory Reimbursements - Proceeds of Life Insurance to Heirs & Beneficiaries - Return of Premiums to the Insured - Compensation for Injuries or Sickness, with EMPLOYER-EMPLOYEE Relationship - Retirement Benefits, Pensions and Gratuities - 13th Moth Pay & Other Benefits - GSIS, SSS, PhilHealth & Labor Union Dues Congressman Cirilo Roy Montejo, Atty. Macario Perez.

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