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However, if their gross sales (or gross receipts plus other non-operating income) does not exceed the VAT threshold, they have the option to be taxed either on the basis of the income tax schedule for individuals and the applicable percentage taxes, or just with a flat tax rate of 8% on their gross sales (or gross receipts plus other non ...
Year Title Production company Box office Source 2014 The Amazing Praybeyt Benjamin: Star Cinema, Viva Films ₱455 million [20] [21]2024 Un/Happy for You: ABS-CBN Studios, Star Cinema, Viva Films
A gross receipts tax or gross excise tax is a tax on the total gross revenues of a company, regardless of their source. A gross receipts tax is often compared to a sales tax ; the difference is that a gross receipts tax is levied upon the seller of goods or services, while a sales tax is nominally levied upon the buyer (although both are ...
Gross income measures the profit generated from sales alone, using your total revenue minus the cost to of the goods you sold. Find out how net come is different. ... If your wholesale price for ...
Exemption from percentage tax of gross sales/receipts not exceeding five hundred thousand pesos (₱500,000.00); Exemption of various petroleum products from excise tax when used as input, feedstock, or as raw material in the manufacturing of petrochemical products, or in the refining of petroleum products, or as replacement fuel for natural ...
Gross profit from sale of inventory. The sales price, net of discounts, less cost of goods sold is included in income. [12] Gains on disposition of other property. Gain is measured as the excess of proceeds over the taxpayer's adjusted basis in the property. [13] Losses from property may be allowed as tax deductions. [14]
The table below shows the top 20 highest-grossing local and foreign films in the Philippines based from data gathered by Box Office Mojo.Gross earnings for foreign films represent their gross within the Philippines, while figures for local films represent their worldwide gross, as some did not disclose separate domestic and international gross.
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