PERCENTAGE TAX RATE, MCIT RATE AND INCOME TAX RATE FOR NON-STOCK AND NON-PROFIT SCHOOLS AND HOSPITALS REVERT BACK TO ITS ORIGINAL RATES
STARTING July 1, 2023, persons subject to percentage tax under Section 116 of the National Internal Revenue Code, as amended, will revert to 3% of their gross quarterly sales or receipts. As provided in the […]