Clearly explain with complete instruction and detail But now with the same instruction, assess the tax impact
Question:
Clearly explain with complete instruction and detail
But now with the same instruction, assess the tax impact on the specific newly imposed BIR RULING
Assess the tax impact on the specific newly imposed BIR Ruling (Philippines)
To give example, let's use Train Law, Train Law was recently passed and there is a regulatory impact. Like in the imposition of a specific rate of the estate tax and donors tax which is now 6% from its previous provision which is based on a graduated rate so then there is a tax impact. Tax impact like it will be more specific and beneficial for taxpayers since they will be assessed outright and also it simplified the process. So to sum it up, you have to choose 1 amendatory provision, compare it to the previous provision then with that new implementation what is the regulatory impact on the taxpayers.
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso