1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kompoz [17]
3 years ago
13

Due to an uncertainty whether or not a new tax is applicable to printing companies, ABC Printers submitted a legal query to the

Bureau of Internal Revenue on that issue. The BIR issued a ruling that printing companies are not covered by the new law. Relying on this ruling, ABC Printers did not pay said tax. Subsequently, however, the BIR reversed the ruling and issued a new one stating that the tax covers printing companies. Could the BIR now assess ABC Printers for back taxes corresponding to the years before the new ruling?
Business
1 answer:
liubo4ka [24]3 years ago
8 0

Answer:

No, a reversal of a ruling shall not be given a retroactive application if it will be prejudicial to the taxpayer.

Explanation:

Based on the information provided it can be said that No, a reversal of a ruling shall not be given a retroactive application if it will be prejudicial to the taxpayer. Meaning that the BIR can not assess ABC Printers for back taxes because ABC Printers was following the rulings made by BIR at that time correctly, the change in ruling applies to taxes only after the change has been made and not before. Therefore as long as ABC Printers begins paying taxes now, then the BIR has no standing.

You might be interested in
Cities are municipal corporations that operate under _______ from the state.
Soloha48 [4]
Cities are municipal corporations that operate under C. Charters from the state.
3 0
3 years ago
Read 2 more answers
________ and ________ are typically the most easily identifiable aspects of a company's business model.
Ket [755]

The parts of a company's business model that are often easiest to identify are market strategy and market opportunity.

A market opportunity is a newly identified demand that a company could use to grow; often, this is because competitors aren't filling it.

A marketing strategy is a long-term plan for achieving a company's goals through comprehending customer needs and creating a distinct, sustainable competitive advantage. Everything is covered, from selecting the channels to use to get in touch with your customers to identifying them.

The target market for the venture, a competitive analysis, marketing strategies, estimated launch expenses, and funding sources should all be included in the business model of a new company.

For more information, Market strategy and market opportunity

brainly.com/question/28305473

#SPJ4

3 0
1 year ago
There are two ratios which are used to measure airline performance. one measures efficiency while the other measures equipment u
den301095 [7]

Operating ratio-measures the portion of operating revenue that goes to operating expenses, only revenue and expenses generated from passenger and freight transportation are considered

(operating expenses/operating revenue)*100

load factor-measures the percentage of a plane's capacity that is utilized,

(number of passengers/total number of seats)*100

All pilots should be interested in weight and balance control. The two changeable factors that can alter an aircraft's total weight and CG location are loading and fuel management, both of which are under the control of the pilot.

The owner or operator of the aircraft should guarantee that the pilots have access to current information and that the proper entries are made in the records when repairs or modifications are completed. The CG is altered as a result of equipment removal or addition.

To learn more about Airlines load here

brainly.com/question/13318528

#SPJ4

6 0
1 year ago
Valerie bought 200 shares of Able stock today. Able stock has been trading for some time on the NYSE. Valerie's purchase occurre
8_murik_8 [283]

Answer:

The correct answer is letter "C": Secondary market.

Explanation:

A secondary market relates to all equity transactions that occur after the initial offer. It can also refer to the exchanges where these transactions occur. The New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotation (NASDAQ) are examples of secondary market exchanges.

5 0
3 years ago
Read 2 more answers
2. How is a business plan like the outline of a paper?
garri49 [273]
They are both road maps that details the features of something
7 0
3 years ago
Other questions:
  • Equity method for stock investment Obj. 3 Show Me How icon At a total cost of $5,600,000, Herrera Corporation acquired 280,000 s
    8·1 answer
  • Suppose that Australia imposes a tariff on imported beef. If the increase in producer surplus is $100 million, the increase in t
    15·1 answer
  • Hector is philosophically opposed to unions. "Why should I be required to join an organization I don't agree with, or pay a fee
    12·1 answer
  • While different natural resources and the theory of comparative advantage can explain many trade patterns, they cannot explain a
    15·1 answer
  • The Action Toy Company has decided to manufacture a new train​ set, the production of which is broken into six steps. The demand
    14·1 answer
  • The seeking sustainability box shows us that consumer relationship building can mean many different things. in this case, campbe
    6·1 answer
  • what is a withdrawal account classified as? (Asset, Liability,Owners equity,Revenue,or Expense account)
    11·1 answer
  • What is the relationship between interest rates and aggregate spending?
    11·1 answer
  • Imagine that a designer writes content for their online portfolio. To come across as knowledgeable about UX design, they include
    15·1 answer
  • The ability to offer individually tailored products or services using the same production resources as bulk production is known
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!