Last edited by Zugar
Monday, February 3, 2020 | History

3 edition of National Internal Revenue Code of 1997 found in the catalog.

National Internal Revenue Code of 1997

Philippines.

National Internal Revenue Code of 1997

  • 93 Want to read
  • 26 Currently reading

Published by National Book Store in Mandaluyong City .
Written in English


Edition Notes

Includes bibliographical references.

Statementby Danilo A. Duncano.
ContributionsDuncano, Danilo A.
The Physical Object
Pagination365 p. ;
Number of Pages365
ID Numbers
Open LibraryOL24055184M
ISBN 10971087070X
LC Control Number2010338139
OCLC/WorldCa505018414

Each of these districts shall be under the supervision of a Revenue District Officer. The taxpayer may require the Revenue Officer to acknowledge receipt of the electronic files and documents. Section 3. The CDs, DVDs or other optical media should also be properly authenticated and its label duly signed by the responsible official s of the company who are required to sign the tax returns under the Tax Code, using a permanent marker. Failure of the Secretary of Finance to rule on the Appeal within the prescribed period shall be deemed as approval of the application for accreditation of the appellant.

The useful life of properties used in or related to production of petroleum shall be ten 10 years of such shorter life as may be permitted by the Commissioner. E Reasonable Needs of the Business. A Submission of Pertinent Information to Congress. Retained in the format in which it was generated, sent or received, or in a format which can be demonstrated to accurately represent the electronic document generated, sent or received.

Deliberate inaction on application for refund of VAT input tax credits is now prohibited and punishable as an offense — The BIR can no longer neglect or refuse to act on applications for tax refund which must be processed within the shorter period of 90 days previously days. B Tax on Nonresident Foreign Corporation. The election shall not apply to any expenditure paid or incurred during any taxable year for which the taxpayer makes the election. The failure of the Secretary of Finance to promulgate the said rules and regulations shall not prevent the implementation of this Act upon its effectivity.


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National Internal Revenue Code of 1997 by Philippines. Download PDF Ebook

Any change in the agreed rate and useful life of the depreciable property as specified in the agreement shall not be effective for taxable years prior to the taxable year in which notice in writing by certified mail or registered mail is served by the party initiating such change to the other party to the agreement: Provided, however, that where the taxpayer has adopted such useful life and depreciation rate for any depreciable and claimed the depreciation expenses as deduction from his gross income, without any written objection on the part of the Commissioner or his duly authorized representatives, the aforesaid useful life and depreciation rate so adopted by the taxpayer for the aforesaid depreciable asset shall be considered binding for purposes of this Subsection.

Approved: February 14, C Exchange of Property. Rates of Income Tax on Foreign Corporations. All the statements and returns required under this Act shall be filed and processed separately from all other records of the Bureau National Internal Revenue Code of 1997 book Internal Revenue in accordance with the Implementing Rules and Regulations of this Act.

Implementing Rules and Regulations. The election of National Internal Revenue Code of 1997 book gross income tax option by the corporation shall be irrevocable for three 3 consecutive taxable years during which the corporation is qualified under the scheme.

The development stage of a mine or other natural deposit shall begin at the time when deposits of ore or other minerals are shown to exist in sufficient commercial quantity and quality and shall end upon commencement of actual commercial extraction. Section 6. In the case of legally separated spouses, additional exemptions may be claimed only by the spouse who has custody of the child or children: Provided, That the total amount of additional exemptions that may be claimed by both shall not exceed the maximum additional exemptions herein allowed.

Powers and duties of the Bureau of Internal Revenue. This includes paper, film, computer disks, computer tapes, and any other materials on which information can be recorded.

B Receipts for Payment Made. Such election when made in the return shall be irrevocable for the taxable year for which the return is made: Provided, That an individual who is entitled to and claimed for the optional standard deduction shall not be required to submit with his tax return such financial statements otherwise required under this Code: Provided, further, That except when the Commissioner otherwise permits, the said individual shall keep such records pertaining to his gross income during the taxable year, as may be required by the rules and regulations promulgated by the Secretary of Finance, upon recommendation of the Commissioner.

State Policy. Failure of the Secretary of Finance to rule on the Appeal within the prescribed period shall be deemed as approval of the application for accreditation of the appellant. Deliberate inaction on application for refund of VAT input tax credits is now prohibited and punishable as an offense — The BIR can no longer neglect or refuse to act on applications for tax refund which must be processed within the shorter period of 90 days previously days.

Each of these districts shall be under the supervision of a Revenue District Officer. Common examples of file formats include - a. It is understood that the computerized accounting system used or being used by the taxpayer has been previously approved by the BIR.

Title of the Code.

Internal Revenue Service Statistical Data

Any person so arrested shall be forthwith brought before a court, there to be dealt with according to law.Central Book Supply is the author of National Internal Revenue Code ( avg rating, 2 ratings, 0 reviews), Civil Code of the Philippines ( avg rati /5(7).

BUREAU OF INTERNAL REVENUE - PHILIPPINES has 3, members. Rough Draft: November 19, Please add more National Internal Revenue Code of 1997 book your FRIENDS to this group!

Text or call text or call +63 for your book order and provide book buyer's name, mobile contact number and postal address for book delivery; or NATIONAL INTERNAL REVENUE CODE OF Sep 17,  · Revenue Regulations (RR) No.

– Implementing Section (lnterest) of the National Internal Revenue Code (NIRC) ofas amended under Section 75 of the Republic Act (RA) No.

or the Tax Reform for Acceleration and Inclusion (TRAIN Law).Sep 17,  · Revenue Regulations (RR) No. – Implementing Section pdf of the National Internal Revenue Code (NIRC) ofas amended under Section 75 of the Republic Act (RA) No.

or the Tax Reform for Acceleration and Inclusion (TRAIN Law).Jan 06,  · Amendments to the Tax Download pdf by the TRAIN Law.

Posted by geektivist on January 6, February 14, R.A. or the TRAIN Law amended 72 provisions of the National Internal Revenue Code ofinserted eight subsections (Section A, A, A, B, A, A, B, A), repealed three provisions (Sections 35, 62 and.The United States Code is ebook consolidation and codification by subject matter of the general and permanent laws of the United States.

It is prepared by the Office of the Law Revision Counsel of the United States House of Representatives.