Income Tax

Tax Rate from Unrelated Incomes

Do you know that all incomes of Educational Institutions are subject to corporate income tax in the Philippines? However, not all educational institutions are all subject to corporate income tax. One of these is proprietary educational institutions. Learn this corporate income tax update. In this article, it will include the definition, income tax rate, allowable deductions, and passive income. You will learn also why income from unrelated activities of educational institutions is subject to tax.…