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RPT (constitution)
o Land actually, directly, exclusively used for educational purposes
RPT (constitution)
o Land actually, directly, exclusively used for educational purposes
VAT
o Must be accredited with DECS or CHED
o Income derived from trade, business or other activity still taxable
RPT (constitution)
o Land actually, directly, exclusively used for charitable purposes
RPT (constitution)
o Land actually, directly, exclusively used for charitable purposes
Irrelevant if the income generated will be used for charitable purposes. The
moment you engage in income generating activities, you will lose the exemption.
If non-profit, non-stock school and you conducted for profit activities:
Income from tuition fees and schoolr elated shiz = exempt (based on consti and NIRC)
Income from profit generating activities= depends.
If you used the income for educational purposes = still exempt.
If you used the income for an unrelated purpose = taxable at 10% provided profits are
not distributed
If you distribute, mawawalan ka ng preferential rate of 10%. Hindi ka na nonprofit educational institution so 30% (?)
Sale of stock:
shares of domestic corp or foreign corp?
if domestic = always taxable income within the phils regardless of place of sale
o is seller dealer in securities?
If yes= ordinary asset tax the GAIN at 5-32% or 30% corp (even if
listed and traded in s.e.)
if foreign corp
o is seller taxable without?
If no = not taxable
Sale of Real Property:
Real property in the phils or abroad?
If abroad
o Seller taxable without?
If in the Philippines
o Is seller real estate dealer?
GAIN 5-32%
Non resident alien NOT ETB 25% final tax on the GAIN
Not a dealer