How to Compute Annual Income Tax for Pure Business Income Earners (TRAIN Law)

This video explains the annual income tax computation for a pure business income earner. It highlights the options available for the taxpayer. Take note also the compliances for business taxes in relation to income tax. =============== Related Videos: Annual Income Tax for Individuals:    • How to Compute Individual Income Tax (TRAI...   Annual Tax of Employees:    • How to Compute Annual Income Tax of Employ...   Percentage Tax Explained:    • Percentage Tax in the Philippines Explained   =============== Video Reference: Revenue Regulations 8-2018: https://tinyurl.com/y7rcu2xz =============== Time Stamps! 00:00 Intro 00:31 Key Terms 01:22 Tax Rate Options 01:59 How to Avail Options 02:24 Did Not Signify Intent 02:49 Exceeded VAT Threshold 03:38 Illustrative Problem 1 04:35 Illustrative Problem 2 04:57 Illustrative Problem 3 06:22 Illustrative Problem 2 ============== Hashtags #incometax #businessincome #selfemployed #train #trainlaw #philippines #philippinetaxation #philippinetax #bir #howto #learntax #learntaxation #tutorial #taxtutorial #lecture #taxationtutorial #revenue #revenueregulation #nirc #taxcode #bureauofinternalrevenue #internalrevenue #nationaltax #taxlecture #grossincome #grosssales #grossreceipts #discount #salesreturn ============== Disclaimer: This video is mainly for academic purposes and is not a substitute in doing your due diligence. For highly technical tax issues, you are advised to contact the officer of the day of the BIR office for better tax compliance.