The BIR issue Revenue Memorandum Circular No. 97-2021 inre: Taxation of Any Income Received by Social Media Influencers. Which is FALSE? Choices Social Media Influencers are generally required to register with the BIR if they earned income even if their objective is to merely vlog Social Media Influencers' income are generally subject to income and business taxes If Social Media Influencer's income has been subjected to foreign taxes, the tax paid can be credited against the tax due or deducted (from gross income) at the option of the taxpayer Income of Social Media Influencers prior to issuance of RMC are not taxable
The BIR issue Revenue Memorandum Circular No. 97-2021 inre: Taxation of Any Income Received by Social Media Influencers. Which is FALSE? Choices Social Media Influencers are generally required to register with the BIR if they earned income even if their objective is to merely vlog Social Media Influencers' income are generally subject to income and business taxes If Social Media Influencer's income has been subjected to foreign taxes, the tax paid can be credited against the tax due or deducted (from gross income) at the option of the taxpayer Income of Social Media Influencers prior to issuance of RMC are not taxable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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