Separate entity taxation is a form of schedular
taxation because it generally taxes a taxpayer's income from a business entity differently from other income.
We question, however, whether disclosure in schedular
format of a tax contingency or valuation reserve for each material item or issue comprising the financial statement issuer's tax reserve would improve the reader's understanding of the issuer's financial statements -- whether for the specific tax contingency accruals or for the financial statements taken as a whole.
The vital aspect of the new basis of taxation introduced in the wake of significant level of administrative inefficiency is that it is both presumptive and schedular
in nature, particularly where the taxpayer's income source is limited to the above-stated economic activities.
There was a conscious departure from the age old net-basis of income taxation and its substitution by presumptive, schedular
and fixed bases.
Tightly integrating our Maestro workload schedular
with HP OpenView OperationsCenter is already paying off for Unison's many HP customers.
Members of the bicam have agreed to make the 8% flat tax optional for those earning below P3 million so they can choose whether to opt for the 8% flat tax or the schedular
personal income tax.
The bicameral panel also endorsed an optional 8% flat tax for those earning below P3 million, allowing a choice between opting to pay the 8% flat tax or the schedular
personal income tax.
system, as the passive loss limitation rules do for
Reflecting these origins, bilateral double taxation treaties have adopted a schedular
approach with different rules for different types of income.
The first denial said, "Even though he meets the minimum schedular
requirement, this request is denied.
Corporate Sector: The corporate sector, seems to be worst hit by the proposed budgetary measures, as is evident from the Finance Bill on the one hand and a wider scope of "Presumptive Tax, Schedular
Tax and Withholding Tax' at different categories, on the other.
Here is how it appears the quantum schedular
and more familiar process schedulers have made these trade-offs: