Tuesday, June 24, 2014

Taxes that are Not Deductible for Taxation Purposes

All taxes are deductible except:

1. Income Tax
2. Estate Tax
3. Energy Tax
4. Special Assessment Tax
5. Value Added Tax
6. 10% penalty tax on undue accumulation of profit
7. Amnesty tax
8. Penalty 25% surcharge; 50% surcharge & compromise payment.

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