< iframe width =" 480" height =" 320" src =" https://www.youtube.com/embed/4_IX6uh9jUI?rel=0" frameborder =" 0 "allowfullscreen >< img design =" float: left; margin:0 5px 5px 0;" src="http://taxdr.org/wp-content/uploads/2021/07/sYtiO6.jpg"/ > TAXES- EARNINGS TAX-- TRAIN Regulation [1 January 2018] GROSS REVENUE The "Sound" of the earlier Youtube Upload is weak so this later Upload enhanced the microphone Input Noise. A complete testimonial of the TRAIN LEGISLATION was made to ensure that ALL the Updated Modifications remain in this Upload, significantly an Oversight that there is No More any kind of Individual as well as Extra Exemptions offered for the Taxpayer, the maximum allowed restrictions of specific De Minimus Advantages were rechecked, the Permitted 13th Month and Various other Advantages was updated per TRAIN to P 90,000.00 annually, the 35% Grossing-Up Element for the Fringe Benefits Tax obligation was upgraded and various other required "fine-point" modifications. The COMPONENTS consist of Income Tax Scenario - Reductions - Exemptions - Revenue Principle -INCLUSIONS - EXCLUSIONS -Montevideo Doctrine - People - Area - Government - Sovereignty - STATE - Cash - Wealth - Cops Power - Eminent Domain- Taxation - Tax Obligation on Benefits to "Buy" - Value Added Taxes - "Use" - Real Estate Tax - "Make" - Income Tax - "Offer" - Contributor's Taxes and Estate Taxes - ACTIVE Earnings vs PASSIVE Revenue - actual, direct individual effort - Taxpayer's Money, Qualities and other monetarily beneficial resources - Earnings from Employer-Employee Relations, Career or Trade, in Business - Salaries, Salaries, Edge Perks - De Minimum Perks - "Company Benefit" Policy - Additional Benefit Tax Obligation - Entrusts To Pay, Getaway Leave, Sick Leave, Emergency Leave, Maternal & Paternity Leave - Medical Conveniences, Medical & Physical Exam, Medical Insurance Coverage, Free Medicines & Hospitalization and also Philhealth Benefits - Added Financial Settlement & Support, Subsistence Allocation, Free Foods & Treat, Rice Aid, Overtime Pay with Costs, Evening Differential Pay, Hazard Pay -Accommodations & Convenience, Real Estate and also Free Board & Accommodations, Firm Automobile Plan & Free Transport, Travel, Depiction & Entertainment, Life Insurance, Home Personnel - maids, chefs, driver, garden enthusiasts - Subscription Fees, Associations - Various Other Financial Conveniences, Firm Loans and Cash Loan, Passion Cost Subsidies, Edge Perks Tax - Various Other Advantages, Free Uniform and also Washing, Worker Success Awards, Gifts on Xmas and significant Wedding anniversary Events - Financial Bonus, 13th & 14th Month Pays - Stay-In Chauffeur, Obstetrician & Gynecologist, Living Quarters as well as Meals - Army of the Philippines and also Philippine National Authorities, barracks, Subsistence Allocation, - Fishpond Caretaker, Fishpond Owner/Operator - Career, Lawyer, Medical Physician, CPA, Engineer, Engineer, Expert, Agent - Trade, Singer, Musician, Stars as well as Actresses, Electrical Contractor, Welder, Masseur, Final Withholding Tax Obligation at Source - MONEY INVESTMENTs, Financial Institution Deposits, Mutuum, Loans & Bonds, Shares of Stocks, Betting Bets - Passion Revenue, Dividends Revenue, Earnings & Prizes - Genuine and also Individual Characteristics, Land, Buildings, Devices, Autos - Rental Fee Income, Funding Gains and Losses - Pundit Feature, Innovation, Aristocracies - Ordinary Property, to buy, Supplies in Trade or Supplies, Actual (Stationary) Characteristics to buy in Company, for USAGE, depreciable home real estates in business - Capital Properties, Financial Investment in Shares of Supplies & Bonds, Residential or IDLE Lands, Capital Gains, Stocks not traded in the Stock exchange, EXEMPTIONS from GROSS EARNINGS - relevant or case to Sovereignty - International Relations - Earnings from Financial Investment by Foreign Federal Governments - Income Exempt under Treaty, Internal Sovereignty - Revenue by the Federal Government or its Political Subdivisions - Revenue from Crucial Federal Government Feature - Earnings from Public Utilities, Government Fiscal Incentives - Prizes and Honors in Sports Competitors - Prizes and Honor for Achievement in Relitious, Chariable, Scientific, Educational, Artistic, Literary, Civic Activities - Gain from Sale of Bonds, Bonds or Certificates of Indebtedness maturing in more than five (5) years - Gains from Redemption of Investment in Stock or Shared Funds, Compensatory Reimbursements - Proceeds of Life Insurance Policy to Heirs & Beneficiaries - Return of Costs to the Insured - Payment for Injuries or Sickness, with EMPLOYER-EMPLOYEE Relationship - Retired Life Benefits, Pensions and also Gratuities - 13th Moth Pay & Other Advantages - GSIS, SSS, PhilHealth & Labor Union Dues Congressman Cirilo Roy Montejo, Atty. Macario Perez.