A friend asked me how capital gain on a overseas property is calculated. I thought I will give an example enumerated by HMRC in its guidance. 92 more words
Tags » Taxation
- Agricultural and marine food products in their original state;
- Livestock and poultry yielding foods for human consumption;
- Breeding stock and genetic materials;
Polished and/or husked rice, corn grits, raw cane sugar and molasses, ordinary salt and copra are agricultural food products in their original state. 660 more words
It is a business tax. Without any business pursued in the Philippines by the taxpayer, the tax cannot apply.
- In the course of trade or business means the regular conduct or pursuit of a commercial or an economic activity, including transactions incidental thereto, by any person regardless of whether or not the person engaged therein is a non-stock, non-profit private organization (irrespective of the disposition of its net income and whether or not it sells exclusively to members or their guests), or government entity. 340 more words