|
|
Of course, you should remember that income means revenue less costs of obtaining it. We talk about income in business activities when the entrepreneur has chosen to be taxed according to a tax scale or a flat tax; in the case of a lump sum tax, it will be revenue. Compensation as tax revenue One of the sources of income from non-agricultural activities is paid compensation, which is directly mentioned in the Personal Income Tax Act.
Income from business activities includes, among others: compensation received for damage to assets philippines photo editor related to business activity or special sectors of agricultural production. In the glossary of terms contained in the Income Tax Act, the concept of assets includes assetsAct . However, in the Accounting Act, assets are defined as property resources controlled by an entity that will generate economic benefits for the entity in the future.
Therefore, it can be assumed that these will be both fixed assets included in the company's fixed assets register and current assets such as: goods, materials, work in progress, finished products, cash on account and in cash, unpaid receivables from recipients for the supply of goods or services. In a word, assets mean all property related to the business activity. This information will be crucial for our considerations today.
|
|
發表於 19:08:44