TAXATION BUSINESS AND INDIVIDUAL

**Taxation for Businesses** refers to the legal process by which governments impose financial charges or taxes on businesses' income, profits, sales, and other activities. Businesses must comply with tax laws by filing returns, paying corporate income tax, sales tax, payroll taxes, and other industry-specific taxes. Proper tax planning and compliance help businesses avoid penalties and optimize their tax liabilities. **Taxation for Individuals** refers to the system where individuals are required to pay taxes on their income, property, and other personal financial activities. This includes income tax, capital gains tax, and other personal taxes. Individuals must file annual tax returns, report their income, and pay any taxes owed based on their earnings and eligible deductions. The tax rates and obligations can vary depending on the individual's income level, location, and applicable tax laws.

Created by

Adonis Canete

03:02:13 Hours

2 Enrolled

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English

Last updated

Tue, 01-Apr-2025

Course description

Taxation for Businesses and Individuals refers to the legal system through which governments collect revenue to fund public services, infrastructure, and other societal needs. Taxes are levied on businesses and individuals based on various criteria, such as income, sales, property ownership, and transactions. The rules governing taxation for both businesses and individuals ensure that they contribute fairly to the economy, and compliance with tax laws is a legal obligation.

Taxation for Businesses

Business taxation refers to the taxes imposed on business entities by governments for their operations, income, profits, and other activities. The nature of taxes for businesses can vary depending on the size, structure, and type of business. Business taxes are crucial for funding government programs and services, and they are often more complex due to various deductions, credits, and rules that businesses must navigate.

Key Aspects of Business Taxation:

Corporate Income Tax
- This is the tax imposed

What will i learn?

Requirements

Taxation Business and Individual
03:02:13

Adonis Canete

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₱1000

₱1500

Lectures

1

Skill level

Beginner

Expiry period

8 Months

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