53 what are taxes included on an educational

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53.) What are taxes included on an educational institution? 54.) What are taxes impose on a hospital? 55.) What are taxes impose on resident foreign corporation?
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56.) Enumerate the different kinds of resident foreign corporations and discuss their tax liabilities, if any. 57.) What are taxes imposed on non-resident foreign corporations? 58.) Goodyear Philippines (Goodyear) increase its Authorized Capital Stock from P400M (divided to 4M shares with par value of P100) to P1.73B (divided to 4M common shares and 13.3M preferred shares with par value of P100 each). Consequently, all preferred shares were subscribe by Goodyear Tire and Rubber Company (GTRC), a foreign company registered in the US. Thereafter, Goodyear’s Board of Directors authorized the redemption of GTRC’s 3.72M worth of preferred shares at the redemption price of P372M representing the aggregate par value and P97M representing accrued and unpaid dividends. Is the gain derived by GTRC subject to 15% Final Withholding Tax (FWT) on dividends? III. Real Estate Tax and Donor’s Tax under the NIRC 59.) How do you determine the value of estate to be taxed? 60.) Who are liable to pay estate tax? 61.) What is gross estate? 62.) What may be deducted from the estate? 63.) Who are considered strangers for the purpose of donor’s tax? 64.) What items are not subject to donor’s tax? IV. Tax Remedies under the NIRC 65.) What are the steps in the assessment process? 66.) Can a protesting taxpayer appeal to the CIR from the failure to act by the CIR’s authorized representative? 67.) What cases are within the jurisdiction of the Court of Tax Appeals? 68.) Discuss the functions of the Court of Tax Appeals? 69.) Petron imported liters of alkylate and paid VAT therein. However, the Collector of Customs subjected these alkylate imports to excise the following Customs Memorandum Circular (CMC) No. 164-2012 stating that alkylate is a product of distillation similar to naphta and is subject to excise tax under Section 148(e) of the NIRC. Thereafter, Petron filed a petition for review with the CTA raising the issue of whether its importation of alkylates is subject to excise tax. The CIR argued that the interpretation of Section 148(e) is an exercise of her quasi-legislative function, which is reviewable by the Secretary of Finance, thus, the CTA has no jurisdiction to decide on the matter. Decide.
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70.) Kepco Corporation filed with the BIR its claim for refund of input tax incurred for the 1 st and 2 nd quarters of calendar year 2000 from its importation and domestic purchase of capital goods and services preparatory for its production and sales of electricity to NAPOCOR. For failure of the BIR to act upon the claim for refund or issuance of tax credit certificate, KEPCO file for a petition for review. Thereafter, KEPCO filed its memorandum, but BIR failed to file its Memorandum despite notice, thus, the case was deemed submitted for decision. Subsequently, the CTA First Division rendered a decision, holding that KEPCO is entitled to a refund for its unutilized input VAT paid.
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  • Spring '11
  • WilliamGay
  • Taxation in the United States, BIR

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