Lecture 10: Minimum Corporate Income Tax (MCIT). Taxation for Corporation. [Income Taxation]

Welcome to Sir Win - Accounting Lectures. Ang accounting discussion online pero classroom approach. Hindi review, kundi first view. Kaya asahan ang kaunting jokes, kwento at kung ano ano pang mga segwey na nangyayari sa loob ng classroom
Kung gusto nyo ng kwelang kwento habang natuto ng accounting, try nyo pakinggan ang mga paandar ng channel ko. Motto ko sa education, learning while having fun.... at language na dapat naiintindihan. Lapat dapat sa karanasan.
Taxation. Income Taxation. History of Taxation. Substituted Filing. Self Assessment. BIR. Aspects of Taxation. Definition of Taxation. Purposes of Taxation. Objectives of Taxation. Taxation Doctrine. Lifeblood Doctrine. Ability to pay theory. Holme's Doctrine. Marshall Doctrine. Escape from Taxation. Tax Evasion. Tax Avoidance. Tax Amnesty. Tax Condonation. Direct Duplicate Taxation. Inherent Powers of the State. Limitations of Taxation Power. Inherent Limitation. Constitutional Limitations. Situs of Taxation. Sources of Tax Laws. Philippine Tax Laws and Taxes. National Internal Revenue Code of 1997. Tax Code. Fiscal Adequacy. Theoretical Justice. Administrative Feasibility. Basic Principle of Sound Tax System. Tax Classifications. Classification of Individual Taxpayer. Resident Citizen. Non-Resident Citizen. Resident Alien. Non Resident Alien Engaged in Trade or Business. Non Resident Alien Not Engaged in Trade or Business. Categories of Income. Compensation Income. Business Income. Mixed Income. Passive Income. Capital Gains from Sale of Share of Stock. Capital Gains from sale of real property. Interest. Yield. Royalties. Prizes. Winnings. Dividends. Final Tax. Final Withholding Tax. Compensation Income. Gross Income. Business Income. Taxation for Corporation. Domestic Corporation. Foreign Corporation. Taxable Partnership. Non-Profit Hospital. Proprietary Educational Institution. MCIT. CREATE Law.
+++++++++++++++++++++++++++++++++++++++++++
This RUclips channel is made for fun accounting classes.
College students, Senior high schools students with Accountancy, Business and Management ABM strand, or anyone with the need for accounting tutorial online can learn from this channel. It even caters Accounting for Non-Accountants.
It discusses the Basics and Fundamentals of Accounting Partnership and Corporation Accounting, Intermediate Accounting, Advance Financial Accounting and Reporting, Taxation, Management Advisory Services, Auditing Theory, Auditing Problems and some other topics that may be included in CPA Licensure Examinations.
The language used is primarily Tagalog for we are Filipinos living in the Philippines. Accounting Jokes and Life Stories are sometimes incorporated with accounting lessons.
Hope you all enjoy this channel that recreates classroom accounting classes delivered online as accounting tutorial or accounting classes.

[@joevalentin2450]

Yan ang magaling na teacher. He can simplify abstract concepts like the MCIT into understandable terms. At sa ating sariliting wika pa. Mabuhay po kayo Sir. You are an exceptional explainer.

[@elfilibusterismo5156]

Thank you po Sir Win. So galing mo po talaga.

[@juliusmoral8784]

MABUHAY KA PO, SIR!

[@SirWinAccountingLectures]

nayswan!

[@f-perezpreciousloraine2356]

Sir Win. Baka naman po pwedeng magturo din po kayo ng Cost Accounting. Salamat po sa mga videos po ninyo.

[@bearly503]

Hi sir win, ano po ang entry pag MCIT, negative po ang rcit computation..thanks po

[@reamariitem674]

Hi Sir Win, tanong ko lang po if yung cost of service total po ba Lagat ng bayarin? Or total lang po nag binayad yung isasali?
Sana po mapansin. Thank you

[@edithamalgapo2699]

Sir Win What if Non profit organization and for religious purposes doing ministry work. Paano po computation if registered sa SEC for non profit and BIR COR is 1702Q and 1702 registered?

[@flapperphmanila]

Hi sir ask ko lang po Sir bali leave it blank lang po ba ang MCIT 10 mos palang po operating business registered OPC here 🙂

[@genovevarefuerzo6965]

Kasama po ba ang partnership sir sa MCIT?

[@mg_basic_life]

Paano sir pag 3rd year operation net loss pa rin po? Ano po babayaran if 4th year pa po ang mcit? Un po ba yung nolco?

[@BlindBanker]

Walang babayaran kung loss ng 3rd yr.

[@madefreshly4682]

Well explained po sir, pero question lang po paano po if may tax credit na mas malaki sa MCIT (if for example MCIT ang tax due). Ibig sabihin po ba walang babayaran bagkus may tax credit pa for the next period? Thanks in advance.

[@SirWinAccountingLectures]

Yes. para mas makita application, tingnan mo rin BIR form. dun mo maconfirm rulings... :)

[@joshuasalonga4516]

ung tax credit ba na matitira is naka less na ung MCIT na dapat bayaran? thanks po