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Welcome To IANS Live - ENTERTAINMENT - Govinda clarifies after KRK thanks him for 'support' in legal fight against Salman Khan

Welcome To IANS Live - ENTERTAINMENT - Govinda clarifies after KRK thanks him for 'support' in legal fight against Salman Khan
ianslive.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ianslive.in Daily Mail and Mail on Sunday newspapers.

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Tax Notes: BIR clarifies Corporate Income Tax issues under the Create Act


SunStar
+
June 02, 2021
The Bureau of Internal Revenue (BIR) has addressed the questions and concerns of taxpayers and stakeholders on corporate income taxation in its Revenue Memorandum Circular (RMC) 62-2021 issued on May 17, 2021. The RMC clarifies BIR Revenue Regulations (RR) 5-2021.
Which corporate income tax rate should be used?
Under the Corporate Recovery and Tax Incentives for Enterprises (Create) Act, domestic corporations may be subjected to a lower regular corporate income tax (RCIT) rate of 25 percent starting July 1, 2020. Meanwhile, corporations with net taxable income not exceeding P5,000,000 and total assets not exceeding P100,000,000 excluding the land on which the particular business entity’s office, plant and equipment are situated, are subject to a much lower RCIT rate of 20 percent. ....

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Welcome To IANS Live - ENTERTAINMENT - Paris Hilton is #BossBabe and Barbie rolled in one in new pic

Paris posted the picture on Instagram on Monday night according to India time. In the image, she is seen sitting in a car dressed in a white blouse paired with black pants. She completed her look with chunky sunglasses and left her blonde hair open on one side. She ....

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