FAQ

What is a foreign tax return

When can you claim a foreign tax credit? Qualifying Foreign Taxes You can claim a credit only for foreign taxes that are imposed on you by a foreign country or U.S. possession. Generally, only income, war profits and excess profits taxes qualify for the credit. … In most cases, it is to your advantage to take foreign income taxes as…

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FAQ

How much is value added tax

How much is the value added tax in the Philippines? The VAT Rate in the Philippines is 12%. The 12% VAT is applied on the taxable gross selling price of goods and properties and on the gross value of receipts from services and lease of properties.21 мая 2020 г. What is value added tax with example? Value Added Tax (VAT),…

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FAQ

How to obtain a tax id

How can you get a tax ID? Application procedure for TIN Sign up on the VAT portal of the relevant state government with a unique login ID. Fill up the application available on the portal with required details and upload the essential documents. Where do you go to get a tax ID? A Tax ID number, also known as an…

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